Regulatory Updates—nripn—September 4, 2024

Mumbai: India's first recognised self-regulatory organisation for fintech companies will set up an enforcement committee to investigate malpractices, its chief executive said in an interview. It will also sign bilateral agreements with its members as it seeks to expand its membership base. “SRO recognition is the highest accolade an association can aspire to receive,” said

Startup News—nripn—September 4, 2024

SUMMARY Indian fintech startups have seen a staggering 500 per cent growth in the last 10 years, with the local fintech ecosystem attracting investments of over $31 billion, Prime Minister Modi said. In its efforts to boost the fintech sector, the Centre is making all necessary changes at the policy level, the Prime Minister said,

Startup News—nripn—September 4, 2024

Tech Funding NewsFintech Startup NALA Raises $40M for Faster, Safer Cross-Border PaymentsFintech startup NALA has raised $40 million in Series A funding led by Lauren Kolodny of Acrew Capital. July 9, 2024

Startup News—nripn—September 4, 2024

The shooting of the upcoming action-thriller film Deva, starring Shahid Kapoor and Pooja Hegde, has officially wrapped. Directed by renowned Malayalam filmmaker Rosshan Andrews and produced by Siddharth Roy Kapur, Deva promises an exciting and thrilling cinematic experience. The announcement of the film wrapping up has created a major buzz among the fans. Roy Kapur

Startup News—nripn—September 4, 2024

Are you a technology-driven startup looking to leverage innovations in the financial services sector to solve Africa’s most complex development challenges? Do you have a scalable solution with a defensible position and a clear monetization strategy? Then Timbuktoo's Fintech startup acceleration program is for you! Preview The Timbuktoo Fintech Startup Accelerator Program is a pan-African

Startup News—nripn—September 4, 2024

Coast, a startup that describes itself as “a financial services platform for the future of transportation,” has raised $40 million in Series B funding, just four months after announcing $25 million a venture capital round and $67 million in debt financing, the startup told TechCrunch exclusively. Back-to-back fundraising rounds were common before and during the

Startup News—nripn—September 4, 2024

Open banking platform Tarabut to 'revolutionise' payments in MENA after acquiring UK fintech Vyne, CEO says RIYADH: Open banking platform Tarabut will integrate advanced technology from recently acquired payments company Vyne, bringing greater efficiency to the region, according to the company's CEO. In an interview with Arab News, Abdulla Al-Moayed highlighted the transformative impact that

Startup News—nripn—September 4, 2024

South African fintech Omnisient has secured a $7.5 million Series A investment from Arise. Arise backs African financial service providers and fintechs that work to widen financial inclusion. The round will fund a move into new regions and deeper data partnerships. Omnisient launched in Cape Town in December 2019. Today it runs a privacy-preserving data

Startup News—nripn—September 4, 2024

A sustainable finance accelerator backed by Commerzbank has named its first 10 startups. Commerzbank runs the program with Tenity, an early-stage investor and accelerator, and with neosfer, the bank's own innovation and venture unit. The cohort spans climate and biodiversity data, real estate and renovation, supplier management, and corporate mobility. One Swiss company, Pelt8, made

Startup News—nripn—September 4, 2024

Launching a fintech startup looked easy in 2021. That year set a record for fintech investment, and growth alone could win a round. Since then, the mood has flipped. Investors now want a clear path to profit before they write a cheque, so launching a fintech startup demands proof, not just promise. Founders who cannot

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.