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FINANCIAL SUPERAPPS
Crypto exchanges are evolving into financial superapps; traditional assets emerge as key growth engine: BinanceCrypto exchanges are evolving into financial superapps, expanding into payments, tokenised assets, equities and investment products. Binanc...
IMF flags rising financial stability risks as BigTech expands deeper into payments, lending and financial servicesThe International Monetary Fund (IMF) has warned that the growing role of large technology companies in financial services could pose risks...
OpenAI plans ChatGPT 'superapp' overhaul ahead of listing, FT reportsThe changes are part of a broader reorganisation at OpenAI, as it shifts resources to target lucrative enterprise clients and intensify co...
Grab Holdings beats quarterly revenue estimatesGrab Holdings exceeded Wall Street's Q1 revenue expectations at $773 million, driven by strong ride-hailing and food delivery demand despit...
Financial superapp Abound raises $14 million from Near Foundation and othersAbound, a financial superapp for Indians in the US, raised $14 million led by Near Foundation. The app facilitates remittances, rewards, an...
Tata Digital forays into retail investment with fixed deposits marketplaceTata Digital enters the retail investment sector with a fixed deposits marketplace on Tata Neu. Customers can invest in fixed deposits with...
Cosmea Financial Holdings receives Sebi approval to enter mutual fund businessCosmea is targeting assets under management (AUM) of Rs 15,000 crore within the next three years, focusing on technology-driven growth powe...
Adani joins Tata and Ambani in race for elusive India superappGiven the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whos...
Stripe pulls back from India; Oxyzo FY24 resultsCiting stricter regulatory requirements, US payments major Stripe has shifted to an ‘invite only’ mode in India. This and more in today’s E...
Adani One superapp clocked gross sales of Rs 750 crore in FY24According to the 2023-24 annual report of the Ahmedabad-based conglomerate's flagship company Adani Enterprises, the user base of the super...
Old guard is out as Tata Digital’s new CEO revamps deckTata Digital undergoes significant senior management changes under CEO Naveen Tahilyani, impacting the team behind Tata Neu superapp. Sever...
Angel One shares jump over 6% on QIP launchThe company has scheduled a committee meeting on Tuesday, April 2, 2024, to consider and approve the issue price for the equity shares to b...
Angel One launches QIP issue, sets floor price of Rs 2,555The fundraise aims to augment financial flexibility to grow the business and tap emerging opportunities. The growing client base, and heigh...
Angel One plans to raise Rs 2,000 crore via equity route, including QIPThe growing client base, and heightened activity across multiple derivative and cash products along with the consistently increasing quantu...
Tata Sons to invest $1 billion more in digital armEarlier this week, Tata Digital appointed Naveen Tahilyani, the former managing director of Tata AIA Life Insurance, as its CEO & MD. Tahil...
Tata Sons to invest $1 billion more in digital armEarlier this week, Tata Digital appointed Naveen Tahilyani, the former managing director of Tata AIA Life Insurance, as its CEO & MD. Tahil...
Chandrasekaran’s Call: Tata chief pushes for profitable e-comm growth; revisits plan for external fundingThe Tata Group has set up a separate core team of specialists within Tata Digital to strengthen financials and drive the push towards profi...
Tata Neu: behind the superapp’s muted performance in first year of launchThe Tata group’s ecommerce team has gone back to the drawing board to revamp the Neu landing page and is considering changes to the superap...
April IPL bash may see Tata Neu app debutTata Group is expected to make an official announcement on Tata Neu's launch to all consumers on April 7, people aware of the matter said.
Tata Digital’s SuperApp plan gathers steamTata Digital seeks to bring all the Tata Group consumer businesses on one platform. Tata Digital decided to acquire Big Basket after its di...