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NEWTAP TECHNOLOGIES
Scoop: Cred in talks to raise new funds as valuation slips by over 30% to $4 billionFintech startup Cred is in talks to raise $100–200 million at a reduced valuation of around $4 billion, down from $6.4 billion in 2022. Bac...- Fintechs must build collection muscle to scale lending business: Cred founder Kunal ShahKunal Shah stressed that fintech founders are essentially in the business of trust, irrespective of the category. “If you’re building in fi...
- Yes Bank ties up with Newtap Finance to Offer Financing SolutionsYes Bank has entered into a co-lending partnership with Newtap Finance to offer personalized financing solutions on CRED. Dreamplug Technol...
- Cred's head of risk Kunal Kashyap quits, set to join SliceKunal Kashyap moves from Cred to Slice, which merges with North East Small Finance Bank. Pending approvals from Competition Commission of I...
- Ex-Swiggy exec Anuj Rathi joins Jupiter as chief product and marketing officerAt Jupiter, Rathi will lead product, design, growth and marketing. He will work closely with Jupiter’s founder and CEO Jitendra Gupta.
- One Card founders and Uni Cards NBFC licence applications face roadblocks from RBIET has learnt that sellers need to apply to the central bank saying that they intend to transfer the licence to the acquirer’s name.
- 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.
- Cred acqui-hires YCombinator-backed fintech SpennyzFounded in 2019 by Shah and Gaurav Arora, Spenny was a micro-investment platform that nudged users to invest small amounts of money in mutu...
- 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...
- Exclusive: Sebi may review compliance for VC, PE funds; Cred‘s rejigging its lending strategyCapital markets regulator Securities and Exchange Board of India (Sebi) has sought suggestions from venture capital and private equity fund...
- Cred lays off close to 15% of staff at expense management unit HappayThe exact number of employees affected by the layoffs could not be ascertained, but one of the sources told ET that 10-15% of the workforce...
- Revenue-based financing startup GetVantage secures NBFC licence from RBINBFC arm GetGrowth Capital will run the lending operations for GetVantage and dole out financing to small and medium enterprises and new ec...
- 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.
- Chasm grows between Indian startups & internet body IAMAI; IT firms look to boost utilisation levels for better marginsIndian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. Th...
- 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’s NBFC may raise $50-70 million; MapmyIndia CEO wants internet body IAMAI to reflect Indian voicesKunal Shah-owned Newtap Technologies, which acquired Parfait Finance, an RBI-registered NBFC, is in talks to raise equity capital from Cred...
- Cred launches ‘Tap to Pay’- a feature that needs no physical card or wallet to make paymentsCompany enters the buy-now-pay-later space with Cred Flash.
- 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...
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