Fintech
- Fintech1 month ago
Groww, Zerodha and peers plan Sebi plea on UPI MDR fees
Groww, Zerodha and other brokers may ask Sebi to cap UPI MDR at Rs 5 and lift the zero-MDR threshold to Rs 20,000, sources say.
- Fintech1 month ago
Peak XV sells Rs 1,756 crore Groww stake for 92x gain
Peak XV sells Rs 1,756 crore in Groww shares, unloading 91.7 million shares and taking its gross return on the investment to about 92x.
- Fintech1 month ago
PhonePe may restart IPO process after MDR rules shift
PhonePe may restart IPO process after India's new MDR rules offered clarity on payment fees, a key factor for its listing plans.
- Fintech1 month ago
India May Restore UPI Fees for Payments Above ₹2,000
India may restore UPI merchant charges on payments above ₹2,000 while keeping smaller transactions free, signaling a policy shift.
- Fintech1 month ago
UPI MDR notification likely to be out soon for businesses
UPI MDR notification likely to be issued soon for businesses, with a 40 bps merchant fee and banks expected to keep the largest share.
- Fintech1 month ago
Indian state-run lender REC raises $53m via tokenized bond
Indian state-run lender REC raises $53m through India’s first tokenized bond, selling 2028 notes at a 7.30% coupon to 20 investors.
- Fintech2 months ago
Slice closes $100 million round as valuation falls to $470M
Slice closes $100 million round as valuation drops to $470 million, its first institutional raise since becoming a small finance bank.
- Fintech2 months ago
Singapore Commits $170M Over 3 Years to Propel Fintech Innovation
Singapore commits $170 million over three years via MAS's FSTI 4.0 to boost its fintech ecosystem. This strategic investment will fuel innovation
- Fintech2 months ago
VCs Boost Wealthtech Bets Amid Soaring Retail & Affluent Investor Demand
Venture Capital firms are rapidly increasing investments in Indian wealthtech startups like Stable Money, Grip Invest, and Bachatt, driven by expanding retail and affluent investor pools. Discover how this sector is booming.
- Fintech2 months ago
Binance Agent OS: AI Trades Crypto, Users Manage Risk
Binance's new Agent OS platform empowers AI agents to autonomously trade crypto for users. Explore how the world's largest exchange integrates AI into real-money financial management, highlighting user oversight and control.
- Fintech2 months ago
Citi, HSBC, StanChart Adopt Ant International's Forex AI Tool
Discover how Citi, HSBC, and Standard Chartered are leveraging Ant International's Falcon Time-Series AI to dramatically cut foreign exchange hedging costs by over 60%. A game-changer for global finance.
- Fintech2 months ago
Navi, Sachin Bansal's Fintech, Raises $100M from Prosus
Sachin Bansal's Indian fintech Navi secures its inaugural external funding: a $100M investment from Prosus. Discover how this capital fuels Navi's strategic growth.
- Fintech2 months ago
TikTok Code Reveals Peer-to-Peer Payments Exploration
TikTok's app code reveals active exploration of a peer-to-peer payment feature, signaling a major FinTech push. Discover how TikTok Pay might enable direct money transfers across emerging markets.
- Fintech2 months ago
Y Combinator Pockets Rs 1,435 Cr from Groww Stake Sale
Y Combinator secures Rs 1,435 crore from a partial exit of its Groww investment. This transaction signals the growing maturity and significant liquidity within the Indian fintech market.
- Fintech2 months ago
Stripe to Acquire AI Gateway OpenRouter for $7B+ Reportedly
Stripe reportedly acquires AI gateway startup OpenRouter for over $7 billion, a landmark deal reshaping the enterprise AI landscape. This strategic move integrates foundational AI models for businesses.
- Fintech2 months ago
FlightAware Sues Kalshi Over Flight Cancellation Betting Markets
FlightAware is suing prediction market Kalshi for unauthorized use of its data and brand in flight cancellation betting. The lawsuit raises concerns about market integrity and data ownership.
- Fintech3 months ago
Razorpay Boosts AI Leadership for Agentic Commerce Vision
Razorpay boosts its AI leadership, hiring top talent from Microsoft & Salesforce to build advanced AI systems for payments, banking, and risk, driving agentic commerce vision.
- Fintech3 months ago
Palmpay IPO: African Fintech Eyes Hong Kong Listing
African fintech giant Palmpay, backed by MediaTek, eyes a landmark IPO in Hong Kong. Discover how this move signifies the global aspirations of African tech firms and their strategic shift to tap into diverse Asian investor pools.
- Fintech3 months ago
Elon Musk's X Money Launches: Visa Debit, 6% Yield, Invite-Only
Elon Musk's X launches X Money, an invite-only financial service with a Visa debit card, 6% yield, and real-time transfers. Discover how this new platform impacts your money.
- Fintech3 months ago
Protium to Buy Clix Capital: Rs 1,900-2,200 Cr Deal Likely
Protium is in advanced talks to acquire Clix Capital for Rs 1,900-2,200 crore, signaling a major consolidation in India's digital lending and NBFC sector. Explore the implications.
- Fintech3 months ago
Insurance Startup Corgi Reportedly Raises More, Hits $4B Valuation
Insurance startup Corgi reportedly raised more money, securing its third funding round in just eight weeks. The AI-driven fintech company now boasts a $4 billion valuation, sparking debate about market froth and investor interest.
- Fintech3 months ago
Stripe in Talks to Buy Buzzy AI-Model Marketplace OpenRouter
Stripe is reportedly in advanced talks to acquire OpenRouter, a buzzy AI model marketplace. This potential deal signifies Stripe's major play to embed itself in the burgeoning AI economy, influencing its infrastructure.
- Fintech3 months ago
Bank of Korea Prepares for Live CBDC Transactions with 9 Banks
The Bank of Korea progresses its CBDC initiative, entering a second phase of live retail transactions with nine commercial banks. This marks a significant step towards a digital won and reshapes South Korea's payment landscape.
- Fintech3 months ago
Stripe & Advent's $53B Bid for PayPal: Fintech Shake-Up
Stripe and Advent International launch a $53 billion takeover bid for PayPal, impacting the global fintech landscape. Explore the implications for payment processing and market competition.
- Fintech3 months ago
Kalshi Builds AI Computing Power Markets: A Game Changer
Kalshi launches a regulated marketplace for AI computing power, tackling global GPU scarcity. This initiative will democratize access and stabilize costs for AI startups in South & Southeast Asia, fostering innovation.
- Fintech4 months ago
Apple Restores Card Payments for App Store, iCloud in India
Apple has restored credit and debit card payments for its App Store and iCloud in India, complying with RBI's tokenization framework. This move follows a four-year hiatus and paves the way for Apple Pay's launch.
- Fintech4 months ago
Sachin Bansal's Navi Plans Rs 3,000 Cr IPO; SEBI Filing Soon
Sachin Bansal's Navi Technologies plans a Rs 3,000 crore IPO, aiming to file DRHP with SEBI by the March quarter. The full-stack fintech firm, founded by the Flipkart co-founder, diversifies across loans, insurance, and asset management.
- Fintech4 months ago
UK Banks Adopt Swift for Faster International Consumer Payments
Four major UK banks – Barclays, HSBC, Lloyds, and NatWest – are among the first globally to adopt Swift's new framework, aiming for faster, more transparent, and cost-effective international consumer payments. Discover how this move modernizes cross-border retail finance.
- Fintech4 months ago
Digital Lender Fibe Files Draft Papers for Rs 750 Cr IPO
Digital lender Fibe (EarlySalary) files DRHP for a Rs 750 crore IPO, signaling robust investor appetite and the growing potential of India's fintech public market expansion.
