September 9, 2024

Moneycontrol™ Exclusive: InCred CFO Vivek Bansal quits to launch fintech startup, Kotak chairman Sunil Daga set to… New NBFC fintech venture Saarathi Finance is in talks with private equity investors to raise Rs 600 crore in equity funding. 7 hours ago

September 8, 2024

Welcome to Fintech TechCrunch! This week we look at Ramp's massive capital raise and valuation increase, Mercury's entry into personal banking, Klarna's new credit card, global funding rounds and more! To receive a roundup of TechCrunch's biggest and most important fintech stories in your inbox every Sunday at 7 a.m. PT, subscribe here. The big

September 8, 2024

Between September 2 and 7, 2024, no fewer than 23 startups from various sectors raised more than $235 million in funding from investors. These sectors include D2C, Watertech, Sportstech, Ride-hailing, B2B, Fintech, Aviation, Healthcare, Traveltech and Cleantech. Last week, Indian startups raised more than $485 million in fundingwith the Quick Commerce unicorn Zepto Raises $340

September 8, 2024

SUMMARY Chennai-based fintech company Paysharp receives final approval from RBI to act as a payment aggregator The startup, founded in 2019, has raised INR 23 crore in two funding rounds, with the latest valuation at INR 200 crore Paysharp offers flat-rate pricing for merchants, focusing on non-card-based payments like UPI and virtual account solutions The

September 8, 2024

Chennai-based fintech startup Paysharp has received final approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA). The approval, which was granted on August 30, 2024, follows a license in principle the company received in December 2022. The final approval places Paysharp among the 36 PAs approved by the RBI,

September 7, 2024

Funding for Latin American startups increased in the second quarter, driven by a resurgence in late-stage deals. In total, South and Central American companies raised $791 million in seed-to-growth funding in the second quarter of 2024, according to Crunchbase data. That’s a 25% increase from the previous quarter and a 17% increase from the previous

September 7, 2024

Finally, some good news! This week, we were pleasantly surprised to see that FTX Fraud Victims Could Get Some of Their Money Back — although not as much as they had hoped. But that was not all: Mary Ann Azevedo, Kirsten Korosec And Alex Wilhelm I had a lot more to say this week about

September 7, 2024

For more than two decades, Jay Chandarana has had to rely on commercial banks to meet the day-to-day working capital needs of his family business, sesame seed exporter Dhaval Agri. The arrangement has worked: the company has grown to account for 13 percent of the country’s total exports, making it the largest exporter of sesame

September 6, 2024

SUMMARY PB Fintech, a publicly traded insurance company, has granted 75,760 shares of common stock to eligible employees under its Employee Stock Option Plan With the new allotment, the issued and paid-up share capital of PB Fintech has increased from INR 91.20 crores to INR 91.22 crores earlier. The company also allotted 48.3 lakh ordinary

September 6, 2024

In June 2021, Ziinafresh out of the first YC cohort that year and secure $7.5 million seedlaunched its fintech application to 20,000 individual customers, allowing them to send and receive money. Three years later, the Dubai-based startup, which now has 50,000 individual and business customers after expanding its offering to meet the needs of micro,

September 5, 2024

New Delhi: India’s financial sector is growing rapidly, with fintech startups increasing five-fold in the last three years, according to a report. The growth has increased from 2,100 in 2021 to 10,500 by 2024. JM Financial said in a report: “Currently, India has 26 fintech unicorns with a combined market value estimated at $90 billion.”

September 5, 2024

In a major acquisition that promises to reshape the future of finance Paylocity, the enterprise spend management software company, has agreed to buy startup Airbase for $325 million. The deal between the HR platform leader and the fast-growing financial services provider means expanded opportunities at the intersection of human resources and finance operations. Subject to