Infy’s muted pay hike; new-age stocks slumpHappy Wednesday! Infosys began issuing pay hikes, but employees expected better. This and more in today’s ETtech Morning Dispatch.
Cred’s FY24 revenue surges 66% to Rs 2,473 crore; overall losses up 22% to Rs 1,644 croreCred, a fintech unicorn, has generated revenue from payments, credit and insurance. The company reined in marketing expenses despite promot...
P2P lenders like BharatPe, LenDenClub rework products, business to follow RBI diktatIndia's P2P lending startups, including BharatPe, Cred, and LenDenClub, adjust products amid regulatory scrutiny. Lendbox introduces Per An...
Cred names financial services veteran B Sriram as independent directorSriram will provide guidance and counsel for the company’s long-term strategy, growth plans and execution roadmap.
Kunal Shah’s inhouse NBFC ends first year with a small profitNewtap Finance is looking to set up a new management team and build partnerships with other fintechs.
How Kunal Shah's Cred is rejigging the fintech’s lending strategy to tap more usersIn a major change to its lending strategy, Cred plans to cater to consumers who are new to credit and have never taken any formal credit in...
Kunal Shah’s Newtap Technologies in talks to raise $50-70 million to push lending businessShah has discussed shoring up the funds from Cred’s existing investors including Sequoia Capital and Singapore’s sovereign fund GIC, which ...
Cred to buy CreditVidya as fintech consolidation continuesAfter the acquisition, CreditVidya will continue to operate independently and its more than 200 employees will get access to Cred’s employe...
Cred launches ‘Scan & Pay’ feature as it enters offline payments spaceThe feature can also be used to make peer-to-peer (P2P) transactions, either by scanning a quick response (QR) code or by feeding in the be...
Cred to invest $10 million in P2P lending platform LiquiLoansCred will pick up a minority stake -- roughly 5-6% -- in the company, valuing it at roughly $200 million.
Cred reports Rs 95.5 crore revenue in FY 21, will apply for account aggregator licenceThe company reported a total loss of Rs 523.8 crore on a consolidated basis, compared to Rs 361.1 crore for the year-ago period.
As fintech Cred diversifies, it is betting on video commerce and group buyingFounded in 2018 as a credit card payment platform that rewards its users for every transaction, Cred has been expanding its offerings in th...
Cred to acquire Happay to expand its suite of fintech offeringsHappay, a corporate expense management platform, will continue to operate independently but work closely with Cred’s leadership to leverage...
Cred founder Kunal Shah’s firm acquires Parfait for wider fintech playShah, through Newtap Technologies, has acquired NBFC Parfait Finance & Investment for a wider fintech play for Cred with lending. The Reser...
Cred valuation nearly doubles after $250-million fundingCred’s funding round, which was co-led by Tiger Global and Falcon Edge, saw two new investors Marshall Wace and Steadfast Venture Capital j...
CRED Mint wants you to earn more from the idle cash in your bank account; here's howCRED Mint enables you to manage your idle money by facilitating higher rates of interest than most traditional methods. This service will a...
Cred to enter peer-to-peer lending with user fundsCred Mint, launched in partnership with P2P non-bank LiquiLoans, will allow users to 'invest' their savings in a capital pool, which will t...