India | World Fintech News

Double exposure of an abstract financial graph with a world map on office buildings background illustrates India's urge to act on Trade Finance.

Investments & Exits

India Urges G20 to Take Action on Trade Finance

World Fintech News April 20, 2023 0

Commerce Secretary Sunil Barthwal emphasized the need for member countries to work together to narrow the trade finance gap in his opening remarks at Tuesday’s inaugural meeting of the G20 TIWG under India’s Presidency. The deficit in trade financing is growing. At a conference on

An image showing a successful transaction using e-RUPI using a smartphone illustrates the urged to use of PayNow-UPI scheme by SMEs in Singapore.

News and Analysis

SMEs in Singapore to Use PayNow-UPI for India Dealings

World Fintech News March 12, 2023 0

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 Chairman Neil Parekh. Parekh stressed that trade finances would gain a lot […]

Lawyers and businessmen meet in the office to discuss a lawsuit. The image relates to the Adani lawsuit.

Stock News

Adani Defends Against Charges of Fraud and Manipulation

World Fintech News March 1, 2023 0

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

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Frauds

GainBitcoin Fraud: Victims to File SC Petition for Accused’s Bail Cancellation

World Fintech News January 29, 2023 0

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 […]

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Investments & Exits

CarDekho Group to invest $100 Mn. in its fintech section

World Fintech News January 28, 2023 0

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 […]

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Investments & Exits

Bold Finance Obtains 1.5 Million USD in Seed Funding

World Fintech News January 27, 2023 0

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), […]

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IPO News

Razorpay Considers Going Public in 2 or 3 Years

World Fintech News January 25, 2023 0

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 […]

The stock market plummets and sells shares illustrating the sale of Softbank's PayTM shares.

Stock News Today

SoftBank To Offload One Third of PayTM Shares

World Fintech News November 18, 2022 0

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, […]

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Investments & Exits

PhonePe Investing $200 Mn In Building Data Centres In India: CTO Rahul Chari

World Fintech News October 20, 2022 0

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 […]

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IPO News

An Overview of Fintech Stocks & 2023 Estimate Revisions

World Fintech News October 10, 2022 0

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 […]