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KISSHT LOAN PRODUCTS
OnEMI Technology IPO opens tomorrow: GMP, price band, and Analyst viewOnEMI Technology Solutions' Rs 925.92 crore IPO opens April 30, closing May 5, with a price band of Rs 162-171. The digital lending platfor...
Digital lenders wary of small biz; Mythos’ biggest security riskHappy Tuesday! Digital lending firms are turning cautious on term loan exposure to small businesses. This and more in today’s ETtech Mornin...
Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...
Indifi's revenue rises 22% to Rs 360 crore; net losses widen to Rs 45 croreThis comes in the background of fintechs chasing secured lending products over unsecured ones due to a slowdown in the market and regulator...
Kissht DRHP: Rs 1,000 crore fresh issue, Vertex and other investors to sell stakeKissht is among the first digital lending startups to file its DRHP. It said Rs 750 crore from the proceeds will be infused into its in-hou...
Qcomm’s ad revenue push; Paytm swings to blackHappy Wednesday! Quick commerce firms want to make up for mounting losses with ad revenue. This and more in today’s ETtech Morning Dispatch.
Kissht reports fall in FY25 revenue; net profit at Rs 160 croreSlowdown in business driven by macroeconomic factors which impacted unsecured consumer lending business. The IPO-bound startup is only proc...
ETtech Explainer: Why are fintechs and VC going chasing secured loans?Investor interest is shifting away from unsecured lending platforms to secured platforms. This has led to more fintech startups moving towa...
Fintech startups freeze salary loan products as RBI cracks down on unsecured loansThe advance salary product was designed for working professionals to take an instant personal loan for about a month, similar to a salary a...
Kissht parent reports Rs 95.5 crore profit in FY23, revenue doubles to Rs 1,037 croreAccording to the company, the growth in revenues comes as it doubled down on new merchant acquisitions. Further, profit pools increased as ...
Timeline: Ban on quick-loan apps and its repeal – all in a weekFintech platform PayU’s buy-now-pay-later service LazyPay’s website was taken down following a notice from MeitY. Kissht, another lending p...
Loan apps LazyPay, Kissht breathe easy as Govt revokes ban; SC refuses to modify order against GoogleDays after banning 94 digital-lending platforms and 138 betting and gambling apps, the IT ministry on Friday revoked the order for some of ...
MeitY ban on loan apps includes non-Chinese players like PayU’s LazyPay, KisshtA senior official at the IT ministry confirmed that there were loan apps without Chinese links which were also a part of the 230-app ban th...
Kissht raises $80 mn, to foray into challenger card segmentAlong with the fundraise, the company also said it would foray into the challenger card segment, where it will issue its buy-now-pay-later ...
Kissht in talks to raise fresh funds, China’s Fosun to offload stakeKissht is looking to raise $50-$75 million in a primary funding round at a valuation of $380-$420 million. The fundraising will likely incl...
Easy online loans convince more Indians to go on holiday on creditAccording to the UN World Tourism Organisation, 50 million Indians are estimated to travel abroad in 2019, more than double the number in 2...
Innovative products pay off for e-lending startupsNew-age fintech disrupters gain traction with innovative lending products