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 (FY25), reversing a loss of …
fintech news
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FinTech
M2P Fintech raises Rs 850 crore in series D funding led by Helios Investment Partners
by The Founderby The FounderM2P FinTech recently announced the closure of the initial phase of its Series D funding round, securing Rs 850 crore. The funding, a combination of primary and secondary share capital, …
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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 Fintech Fund, each investing Rs …
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LendTech
Veefin group acquires 26 per cent stake in EpikIndifi, expands digital lending portfolio
by The Founderby The FounderVeefin 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 crore. This marks Veefin’s third …
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FinTech
Navi and Karnataka Bank introduce credit line on UPI to transform digital lending
by The Founderby The FounderNavi 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 into the UPI, offering customers …
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FinTech
Navi Finserv raises Rs 320 crore from JP Morgan in a securitisation deal
by The Founderby The FounderNavi 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 efforts. This is one of …
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FinTech
Tech Fini receives NPCI’s approval to provide UPI- based payment solutions to banks, fintechs & FIs
by The Founderby The FounderTechFini 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 Credit Line on UPI, Acquirer …