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Startup News—nripn—September 4, 2024
Indian fintech startups have grown roughly fivefold in three years. The count rose from 2,100 in 2021 to 10,500 by 2024, according to a JM Financial report. By 2025, the broader ecosystem held more than 14,500 fintech firms, KPMG estimated. That tally places India alongside the United States, United Kingdom, Singapore, and China at the
Startup News—nripn—September 4, 2024
Invest4Edu seed funding has closed at $3 million in a round led by undisclosed family offices, the Mumbai-based education planning platform announced. The startup operates in the B2C and B2B2C segments. It offers AI-driven education planning, savings, and investment services to Indian families. Founders said the capital will accelerate sales, marketing, technology, and product development.
Startup News—nripn—September 4, 2024
HSA FSA payments now sit at the centre of a $150 billion annual spending pool that most direct-to-consumer health and wellness brands cannot yet capture. Flex, a San Francisco fintech founded in June 2023, set out to fix that. The company raised $3.2 million in seed funding in September 2024. Backers included Y Combinator, SV
Market Rumors—nripn—September 4, 2024
Back in 2024, a Solana ETF was still a rumor, and that rumor fueled some loud price calls. One forecast pegged SOL at $1,000. Another saw a clean run past $200. Those targets leaned on a simple bet: that a spot fund would pull a wave of institutional money into the token. The fund question
Market Rumors—nripn—September 4, 2024
A Worldline buyout looked plausible in late 2023. The French payments group had just issued a brutal profit warning, its shares had cratered, and reports said one of Europe's largest private equity firms was weighing a bid. Traders piled in, and the stock jumped on the speculation. Years on, no clean take-private has closed. So
Market Rumors—nripn—September 4, 2024
SEBI rumour verification began as a looming compliance deadline and turned into one of the most debated disclosure duties in Indian markets. Back in early 2024, the headline was simple: the regulator kept pushing the start date back. Since then, the rule has been reshaped, switched on, and stress-tested against real trading. So this guide
Market Rumors—nripn—September 4, 2024
SEBI board meeting reforms approved on March 15, 2024 covered T+0 settlement, FPI disclosure relief, IPO amendments, and a uniform framework for verifying market rumours. The 204th SEBI board meeting also tightened due diligence rules for alternative investment funds and cleared subordinate units for privately placed InvITs. SEBI confirmed each decision in its official press
Market Rumors—nripn—September 4, 2024
BILL Holdings Melio acquisition talks surfaced on November 8, 2023, when Bloomberg News reported the San Jose software firm was in advanced negotiations to acquire Israeli payments unicorn Melio for $1.95 billion. The next day, BILL issued a rare public denial. By the time the BILL Holdings Melio story closed in October 2025, Melio had
Market Rumors—nripn—September 4, 2024
Ethereum ETF approval rumors lit a fire under crypto markets, sending traders back into the second-largest digital asset at speed. Santiment data shows futures activity spiking to record levels, and ETH price action followed quickly behind. As a result, Ethereum climbed to $3,759, a 2.5% lift that pushed total market cap toward $451 billion. Beyond
Market Rumors—nripn—September 4, 2024
Paytm banking license risks took center stage as shares of parent One 97 Communications Ltd. fell for a third straight day. India's banking regulator is weighing revocation of the Paytm Payments Bank permit, adding to growing pressure on the once-celebrated fintech. The Reserve Bank of India is reviewing the matter following multiple regulatory lapses at
Market Rumors—nripn—September 4, 2024
Plaid IPO 2026 timing remains the loudest question hanging over fintech's biggest pre-public infrastructure name. The data network powering Venmo, Robinhood and roughly half of US neobank rails has spent the past 18 months stacking executive hires, building governance muscle, and rewriting its revenue story. Yet management still refuses to call a date. In late
Market Rumors—nripn—September 4, 2024
Plaid IPO readiness picked up another marker as the data aggregator named Cloudflare veteran Jen Taylor as its first president. CEO Zach Perret announced the appointment in a company blog post, calling Taylor a "phenomenal product leader" who will help scale the platform through its next chapter. The move adds a senior executive to a
