Satin Creditcare has reported a consolidated profit after tax of Rs 217 crore for the financial year, showcasing its resilience in a volatile microfinance sector. The company recorded a seven …
financial inclusion
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Featured
Finodaya Capital secures $2.5 million in seed round to support microenterprises
by The Founderby The FounderFinodaya Capital has secured $2.5 million in seed funding, led by fintech-focused investment firm White Venture Capital, at a post-money valuation of Rs 50 crore. The funding round also saw …
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FinTech
DLAI rebrands itself as Unified Fintech Forum with new appointments
by The Founderby The FounderThe Digital Lenders Association of India (DLAI) has recently announced its rebranding as the Unified Fintech Forum (UFF). The name change reflects the diverse mix of its member institutions within …
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Featured
Government launches digital credit assessment model to streamline MSME loan approvals
by The Founderby The FounderThe Government of India has introduced a Digital Credit Assessment Model to revolutionise loan approvals for Micro, Small and Medium Enterprises (MSMEs) by leveraging transaction-based scoring. Announced in the Union …
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Featured
Shrinking UPI incentives push digital payment apps to introduce convenience fees
by The Founderby The FounderWith government incentives for low-value UPI and RuPay debit card transactions shrinking, leading digital payment platforms are turning to new revenue streams, including the introduction of convenience fees on select …
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FinTech
HiWiPay secures USD 2 million seed funding led by Unicorn India Ventures
by The Founderby The FounderHiWiPay, a cross-border payments platform, has raised USD 2 million in a seed funding round led by Unicorn India Ventures. The round also saw participation from Dewang Neralla’s family office, …
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FinTech
Paytm partners with Perplexity to bring AI-powered financial search
by The Founderby The FounderPaytm has announced a partnership with Artificial Intelligence (AI) startup Perplexity to integrate advanced AI-driven search capabilities into the Paytm app. This integration will empower users to access real-time financial …
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LendTech
Usha Financial Services expands presence with new branch in Dibai, Uttar Pradesh
by The Founderby The FounderUsha Financial Services, a non-banking financial company (NBFC), has announced the opening of a new branch in Dibai, Bulandshahr, Uttar Pradesh. This expansion marks a significant step in the NBFC’s …
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Featured
Odisha partners with Singapore to establish global competency centre in FinTech
by The Founderby The FounderThe Government of Odisha’s Electronics and Information Technology (E&IT) Department and the Global Finance & Technology Network (GFTN) signed a Memorandum of Understanding (MoU) during the official visit of Singapore …
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Technology
Mufin Green secures $18 million loan from US DFC to drive EV and solar financing expansion
by The Founderby The FounderMufin Green, a financier in the electric vehicle (EV) sector, has obtained an $18 million loan from the United States International Development Finance Corporation (DFC). The loan, which spans 10 …