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NBFC PARTNERSHIPS FINTECH
Scapia secures $63 million funding from General Catalyst, Peak XV Partners and Z47Scapia, a travel fintech startup, has secured $63 million in a funding round led by General Catalyst. Scapia plans to use the funds to expa...
Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...
Fintechs trade the wild west for regulatory licencesIndia's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like P...
The Gold Standard: How a Bootstrapped Company Outlasted Every Funded Rival in India’s Goldtech BoomAugmont Enterprises has quietly established India's most comprehensive gold platform. Unlike well-funded rivals that faltered, Augmont focu...
Paytm rules out NBFC licence plansPaytm, the fintech major, has decided against seeking a Non-Banking Financial Company license. The company prefers a partnership model for ...
Paytm Payments Bank licence cancellation: Jefferies, Bernstein and Goldman decode impactPaytm shares fell 8% after RBI cancelled Paytm Payments Bank’s licence but recovered sharply as brokerages stayed bullish. Analysts see lim...
MobiKwik gets RBI nod for NBFC licence, to launch in-house lending armFintech firm MobiKwik has secured a crucial Reserve Bank of India approval for a non-banking financial company license. This paves the way ...
Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
Gold loan startups find new shine; Infy Q4 profit jumpsHappy Friday! Gold loan fintechs are moving towards building their own loan books. This and more in today's ETtech Morning Dispatch.
Gold loan fintech companies build own loan books as RBI tightens normsGold loan fintech startups are pivoting from loan sourcing to building their own loan books due to tightened RBI regulations. Companies lik...
As regulatory curbs seem to ease fintechs bet on festive spark in unsecured lending playAfter a period of slowdown due to regulatory measures, the digital lending sector anticipates a turnaround in FY26, fueled by the upcoming ...
Flipkart secures NBFC licence from RBI, to begin lending from own booksWalmart-owned Flipkart has received a non-bank finance company (NBFC) licence from India’s central bank, allowing it to lend directly to cu...
RBI tightens default loss guarantee rule; NBFCs to exclude cover on fintech-sourced loansThe Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning f...
Supply chain finance startup Vayana bags NBFC licence, set to raise $20 millionVayana secured an NBFC licence from RBI, enabling co-lending partnerships. Backed by PayU, it seeks $20 million funding. Founded in 2017, V...
Fintech startups crowd NBFC queue to enter credit laneA growing number of fintechs are hoping to play the credit game to keep users sticky and expand revenue opportunities
BharatPe acquires 51% in NBFC Trillion Loans to bolster lending playBharatPe’s investment in an NBFC comes at a time when several fintechs are looking at bolstering their presence in the segment.
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 ...
Ola to shutter Avail Finance app, integrate it with Ola MoneyRide-hailing firm Ola acquired Avail Finance, founded by Ola founder Bhavish Aggarwal's brother Ankush Aggarwal, for about $50 million in A...
RBI rules may force fintech firms to leverage NBFC operationsThis is a shift for the digital lending industry, which has largely focused on growing the lending-distribution platform to show scale and ...
Niyogin Fintech to raise Rs 235 croreNiyogin Fintech is a new age technology led NBFC which is engaged in loan disbursement and investments. The current promoters had acquired ...