Bessemer-backed Perfios Software acquires assets of Noida startup Fintechlabs

Shashank Didmishe

Bengaluru-based Perfios Software Solutions has acquired the intellectual property rights and other assets of digital lending solutions ....

12 November, 2019

Mobikwik targets Rs 1,500 crore in loan disbursements for FY20

Payal Ganguly

Sequoia Capital-backed digital payments platform Mobikwik aims to disburse 1.2 million loans worth Rs 1,500 crore in the current ....

11 November, 2019
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AI/ML will blend tax, accounting products into personal finance solutions: Raji Arasu, Intuit

Anand J

Financial software firm Intuit’s Bengaluru research and development (R&D) operations are its largest outside its home ....

11 November, 2019

No charge on NEFT transactions from Jan 2020; QR codes may be merged

Payal Ganguly

The Reserve Bank of India (RBI) on Friday mandated that banks cannot charge savings bank account customers for online transactions ....

8 November, 2019

GeM, Central Bank of India sign MoU for payment services

Tanmay Tiwary

Government e-Marketplace (GeM), the government owned public procurement portal for central and state government departments and ....

8 November, 2019

Tech Mahindra, Israeli startup to offer AI-enabled solution for insurance companies

Prajeet Nair

Pune-based information technology major Tech Mahindra has partnered with Israel-based Insurtech startup Atidot to offer artificial ....

8 November, 2019
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IBM, Bank of America collaborate on financial services public cloud

Prajeet Nair

Technology giant IBM has designed the first-ever financial services-ready public cloud and has partnered with Bank of America ....

7 November, 2019

Lendingkart grows FY19 revenues three-fold; profits at Rs 3 crore

Supriya Roy

Lendingkart Technologies, which runs an eponymous digital lending platform, reported a 172% growth in its revenues for financial ....

7 November, 2019

Aye Finance posts muted bottomline growth in FY19 as provision costs rise

Shashank Didmishe

Aye Finance reported a mere 8.9% growth in net profits for the financial year 2018-19 to Rs 25 crore despite healthy growth in ....

7 November, 2019

Experian backs Mumbai-based mobile marketing platform Vserv

Tanmay Tiwary

US-based data, analytics and decisioning company Experian has picked up a strategic stake in Mumbai-based mobile marketing platform ....

6 November, 2019
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Scalability comes with a fair share of brutality, says PayU’s Rau

Supriya Roy

One can run a small business and make it extremely profitable or one can make a business that can scale really large but does ....

6 November, 2019

Sequoia, Matrix join $24 mn funding round for Citrus Pay’s founder’s new startup: Report

Shashank Didmishe

Citrus Pay co-founder Jitendra Gupta’s new fintech startup Amica Financial Holdings has raised $24 million in a funding ....

4 November, 2019

GeM partners with Indian Bank, Canara Bank for payment services

Prajeet Nair

Government e-Market (GeM), a public procurement portal, has signed a memorandum of understanding (MoU) with two public sector ....

4 November, 2019

Droom buys Xeraphin to strengthen lending arm

Tanmay Tiwary

Automobile marketplace Droom Technology has acquired a non-banking financial company (NBFC) Xeraphin Finvest for an undisclosed ....

4 November, 2019

UPI crosses a billion transactions in October

Supriya Roy

UPI (unified payments interface) transactions in India touched more than a billion for the month of October, National Payments ....

1 November, 2019

Rapyd appoints ex-Uber executive Mahesh Muraleedharan to lead India operations

Shweta Sharma

Global Fintech-as-a-Service platform Rapyd has appointed Mahesh Muraleedharan to lead its operations in India.  In his ....

1 November, 2019

PayU leads $11 mn round in Fisdom to enter wealth-tech business

Tanmay Tiwary

Fisdom, a wealth management app owned by Bengaluru-based fintech startup FinWizard Technology, has raised $11 million in a funding ....

30 October, 2019

Google Pay adds biometric security feature for user payments: report

Supriya Roy

Google Pay, the digital wallet platform of the search engine giant, has released a biometrics-enabled feature for users’ ....

30 October, 2019

Walmart-owned PhonePe widens FY19 losses; raises $57 mn via rights issue

Shashank Didmishe

Walmart-owned digital payments firm PhonePe reported a three-fold growth in revenues for the financial year 2018-19 but the gain ....

30 October, 2019

Govt hikes digital payments target; DPIIT looks into easing FDI rules

Tanmay Tiwary

The government has increased the target for e-transactions in the financial year ending March 2020 to 45 billion. The Department ....

30 October, 2019

Niti Aayog wants separate regulator for medical devices; UPI clocks 1bn transaction: Report

Tanmay Tiwary

Government think tank NITI Aayog does not want to bring medical devices under the Central Drugs Standard Control Organisation ....

29 October, 2019