Swiggy's Jan-Dec loss widens 80%; Google challenges NCLAT order in SCIt was a mixed bag for Prosus in India. While its losses in Swiggy, a major portfolio company, spiked, there was a silver lining in terms o...
27 Jun, 2023, 09.22 PM IST
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.
27 Jun, 2023, 05.15 PM IST
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...
30 May, 2023, 04.28 PM IST
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...
29 May, 2023, 09.20 AM IST
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.
02 May, 2023, 04.38 PM IST
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...
02 May, 2023, 07.23 AM IST
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 ...
01 May, 2023, 11.03 PM IST
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...
01 May, 2023, 08.12 PM IST
Fintech sector grapples with heightened scrutiny, and other top stories this weekAs things stand, it is no wonder that fintechs have been shopping around to acquire an NBFC licence. Cred acquired Parfait Finance in Novem...
29 Apr, 2023, 01.45 PM IST
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.
27 Feb, 2023, 07.56 PM IST
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...
29 Nov, 2022, 10.25 PM IST
Cred raises $80 million funding led by GIC at $6.4 billion valuation“GIC of Singapore leads this round, joining existing investors - Sofina, Tiger Global, FalconEdge, and Dragoneer - for an investment of $14...
10 Jun, 2022, 09.47 AM IST
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...
28 Jan, 2022, 05.25 PM IST
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...
02 Dec, 2021, 09.35 AM IST
Binny Bansal’s Flipkart stock sale; Uber’s Rs 2 crore job offer at IITsBinny Bansal, who cofounded Flipkart along with Sachin Bansal, has scooped up a good sum by selling a part of his stake in the company. The...
02 Dec, 2021, 07.04 AM IST
Cred to acquire Happay; Indian SaaS & IT come togetherCred is all set to make its second acquisition since its inception. The Kunal Shah-led startup has agreed to acquire Happay, a corporate ex...
01 Dec, 2021, 08.38 PM IST
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...
17 Nov, 2021, 11.04 AM IST