The SICCI has advocated for SMEs in Singapore to use PayNow-UPI in their transactions with India due to its convenience for facilitating digital payments. The cross-border transaction between India-Singapore UPI and Singapore’s PayNow was launched, and it was met with praise by SICCI
Monday’s trading in Adani Group shares was choppy, with investors reacting differently to the news of upcoming court proceedings, stringent regulations scrutiny, and index rebalancing. Adani Enterprises, the group’s main company, saw the highest selling, falling 5.94% to 1,619.55 a share at the BSE market close. Adani Transmission, Adani Green Energy, and Adani
The ‘Bitcoin Legal Defense’ group includes over 200 victims of the GainBitcoin Scam who are all set to move Supreme court seeking cancellation of the interim bail granted to Ajay Bharadwaj, the main accused. However, hearing the case on 12 October 2022, the two-judge bench that included Justice MM Sundresh and Justice Surya Kant did […]
On November 7, CarDekho, the IPO-bound group announced that it is going to pump in $100 million in Rupyy, its fintech arm, which offers financing help to retailers and those interested in buying cars. The capital, that will be made in a combination of equity and debt, will serve to scale both the tech stack […]
Bold Finance, a financial technology startup, announced that it has procured 1.5 million USD in a round of seed funding under the guidance of Kae Capital. Bold Finance’s current investor Antler India also joined the round, along with angel investors such as Nitin Gupta (Uni Cards), Ishpreet Gandhi (Stride Ventures), Shashikant Dola (McKinsey & Company), […]
Bangalore-based fintech firm Razorpay announced that the company plans to go public within the next 2 or 3 years. Shashank Kumar and Harshil Mathur, Razorpay’s founders, said that despite the company’s 100% annual revenue growth, it does not need any additional capital to go public. Currently, the company has a valuation of $7.5 billion and […]
SoftBank To Offload One Third of Holdings From PayTM The expiration date of SoftBank to sell off its shares in PayTM draws closer and the leading bank from Japan has decided to sell only a third of its total holdings. However, the sale would be done as part of a block deal. In all probability, […]
The company, PhonePe, is investing $200 million in Indian data centres. Specifically, they plan to spend $150 million to build four centres in Bengaluru and Navi Mumbai, increasing their capacity to over 14 megawatts. This investment shows their commitment to the growth and development of the industry in India. The government’s regulatory requirement for data […]
As COVID slowed down the growth of fintech stocks in 2022, the S&P 500 also faced a lag simultaneously. Even the biggest IBD group ranks 147 out of 197 in fintech stocks. Investors have to be cautious of buying because of the Fed rate hikes. As per 2022 statistics, the payment stocks have been down […]
In spite of the uncertainty around its IPO, MobiKwik has raised INR 55 Cr in debt. The fintech startup raised the money from BlackSoil Capital and India Credit Fund, and Karnation bought 200 NCDs with a face value of INR 10 Lakh each. This gives MobiKwik a debt of INR 10 Cr. A few months […]