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Digital banking platform Freo acquires credit marketplace IndiaLendsBengaluru-based digital banking platform Freo has acquired credit marketplace IndiaLends, which will continue to operate as a separate enti...- RBI tightens norms against mis-selling, coercive recovery: Impact on consumersThe Reserve Bank of India is prioritizing customer protection in its latest monetary policy. New rules will target mis-selling of financial...
- Jupiter Money secures direct insurance broker licence, expands into insurance distributionJupiter can now distribute both life and general insurance policies through its app. The fintech platform will begin with curated offerings...
- Startups leverage distribution chops to gain ground in general insuranceStartups are leveraging their distribution muscle to carve out a larger share of India’s underpenetrated general insurance market. A growin...
- Early-stage VC firm Prime Venture closes fifth fund at $100 millionPrime is an investor in fintech startups like digital lending startup Freo (previously Moneytap), forex card distributor Niyo, community ma...
- New UPI scam: Fraudsters send you Rs 200.00 and ask to return Rs 20,000; how to protect yourself from UPI overpayment scamUPI overpayment scam: You should be careful before sending or accepting any UPI collect money request especially from unknown numbers or ID...
- Women prudent borrowers, aspirational younger generation displays bolder risk appetite: Fintech soonicorns on financial inclusion at ET Soonicorns Summit 2024India’s data expansion has been phenomenal and instrumental in the financial inclusion of the underserved to a great extent. There, however...
- Fintechs scramble to protect brands from fraudstersFor years, banks and large insurance companies have battled fraudsters. Now, even prominent fintech startups like Razorpay, Zerodha, Groww,...
- Digital fraud-hit banks turn to startups to cope with risksLegacy financial institutions turn to startups like Data Sutram for tech support in customer verification. Data Sutram's 'DS Authenticator ...
- Startups tap new pools of capital; consumer lending apps hit profitabilityCapital pools have diversified amid the broader tech slowdown with large global, crossover and hedge funds mostly staying away from cutting...
- Consumer lending apps on track on profitability frontFreo joins the likes of Navi, Fibe and Kreditbee in profitability, reports positive cash flow over the last four months. They target variou...
- Digital banking infra provider Signzy acquires Difenz at $5 million valuationThe acquisition also gives an exit to early-stage venture capital fund 8i Ventures, which had invested Rs 4.5 crore in a seed round in Dife...
- Digital banking platform Freo raises debt funding from SidbiFreo said it would utilise the funds for growth into newer categories and segments as well as to expand into new pan-India geographies. It ...
- Fintechs queue up for card distribution business to lift toplineTwo people in the know told ET that while Cred has already started distributing Axis Bank credit cards through its platform, Walmart-backed...
- Fintechs bet big on credit line on UPI but banks tread with cautionThe next big wave of UPI adoption will come from check out finance, or buy now pay later, said fintech industry insiders. Consumers will ha...
- Cred hires Sujay Das to head risk for in-house NBFC Newtap FinanceSujay Das, who spent more than 12 years at HSBC Bank and then was with Bajaj Finance, heading its analytics team, had joined Bengaluru-base...
- YCombinator-backed gamified savings startup Fello raises $4 million in fresh funding roundThe gamified fintech platform had raised $1 million in its seed round in November 2021.
- New RBI norms keep third party out of digital lending processDisbursal, repayment to be executed between borrowers, regulated entities only: Regulator
- RBI allows RuPay credit card transactions on UPIWhile the current estimate for those availing instant loans is around 50 million, allowing credit card transactions through UPI interface i...
- Freo co-founder is in the mood for some revenge travel, wants to make up for 2 lost yearsAn African Safari is on Bala Parthasarathy's bucket list.
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