PayU, the fintech arm of Prosus, has acquired a 43.5 per cent stake in Mindgate Solutions, a leading real-time payments technology provider. The strategic investment […]
Tag: fintech news
Shrinking UPI incentives push digital payment apps to introduce convenience fees
With 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 […]
TechFini: Transforming financial services with technology and innovation
What was the core vision when you co-founded TechFini, and how has it evolved over time? Discuss some major milestones or achievements that have been […]
PB Fintech records Q2 profit of Rs 50.98 crore in FY25
PB Fintech, the parent company of insurTech, Policybazaar, has consolidated net profit of Rs 50.98 Crore for the second quarter (Q2) of fiscal year 2024-25 […]
M2P Fintech raises Rs 850 crore in series D funding led by Helios Investment Partners
M2P FinTech recently announced the closure of the initial phase of its Series D funding round, securing Rs 850 crore. The funding, a combination of […]
GrayQuest raises Rs 53 crore in Series B funding round
GrayQuest has closed its Series B funding round, raising Rs 53 crore (approximately 6 million dollars). The round was co-led by Pravega Fund and IIFL […]
Veefin group acquires 26 per cent stake in EpikIndifi, expands digital lending portfolio
Veefin Group has secured a 26 per cent stake in software solutions provider EpikIndifi through a cash-and-share swap deal, valuing the company at Rs 125 […]
Navi and Karnataka Bank introduce credit line on UPI to transform digital lending
Navi has partnered with Karnataka Bank to launch a credit line feature on Unified Payments Interface (UPI). This initiative integrates a pre-approved credit line directly […]
Navi Finserv raises Rs 320 crore from JP Morgan in a securitisation deal
Navi Finserv has secured $38 million (approximately Rs 320 crore) from JP Morgan through a securitisation deal. This funding will enhance the company’s digital lending […]
Tech Fini receives NPCI’s approval to provide UPI- based payment solutions to banks, fintechs & FIs
TechFini has received final approval from the National Payments Corporation of India (NPCI) to operate as a UPI Issuer 2.0, UPI Acquirer 2.0, Issuer of […]