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FINTECH STARTUP FIRING
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.- High-performing Gen Z employee fired for 'attitude' turns tables, rehired two weeks later at double salary after system crashA Gen Z employee was fired for 'attitude' and 'culture fit' despite meeting project deadlines. Weeks later, the company's systems failed du...
- Why did SoFi Technologies (NASDAQ:SOFI) stock crash 9% after $1.1B earnings beat—here’s why the stock is falling despite strong Q1 resultsWhy did SoFi Technologies (NASDAQ:SOFI) stock crash 9%? The sharp fall in SoFi Technologies stock shocked investors. SoFi Technologies (NAS...
- Beyond wage protest: Bureaucracy, compliance burden strain Noida-Greater Noida MSMEsIndustry stakeholders say legacy bureaucratic systems and entrenched administrative practices are undermining MSMEs’ momentum in the region.
- Employee fired for being 20 minutes late for the first time in 7 years; coworkers plot to rehire without risking their own jobsA longtime employee was fired for being 20 minutes late for the first time in seven years, sparking outrage among coworkers. The unexpected...
- Hired after 5 interview rounds, Canadian fintech startup fires product support associate 2 weeks into onboarding over grammatical error in draft emailA Canadian fintech startup has fired a Product Support Associate just two weeks into onboarding after spotting a grammatical error in a dra...
- Regulation, deals and crypto: Fintech themes to watch in 2025The bankruptcy of banking-as-a-service startup Synapse Financial Technologies left thousands of fintech customers without access to funds h...
- M2P Fintech in funding talks with Insight Partners a week after Tiger Global-led roundM2P Fintech is seeking a valuation of $600 million in the funding talks with Insight Partners. That's nearly twice the valuation at which i...
- Top startup and tech stories of the weekWelcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories we covered this week. He...
- Startups’ annus horribilis; and other top tech stories this weekIndian startups are closing 2023 with a cloud of uncertainty looming large over them.
- Thousands of fintech jobs are gone as companies cut costs for first timeFintechs boomed during the early days of the pandemic, ambitious to grow and driven by low interest rates and consumer hunger for debt.
- 'I’ve got my team’s back.' Ashneer Grover won't join the layoff season, says he always hires 'considerately'Grover said that it was sad to see the reports of layoffs making headlines every day.
- 2022 Year in Review: Fund-starved startups sacked nearly 18,000 employeesEdtech companies accounted for a staggering 44% of the total layoffs. In total, 52 startups fired 17,989 employees spread across edtech, co...
- ETtech’s 2022 Year in Review SpecialOver the past few weeks the ETtech team has been chronicling all the big news events that shaped 2022. We’ve tried to make sense of all the...
- 2022 | The year of governance misses, layoffs, a funding winter & regulatory diktatsIn the span of a year, the technology world went from euphoria to turbulence – be it in the stock markets or in the private funding space. ...
- As card-based fintechs seek Plan B, FPL Tech set for unicorn clubThe banking regulator has, however, told some fintech firms that they should seek licences to continue operating.
- India’s future unicorns worth $49 billion: Hurun Research Institute reportThe report by the research house is a ranking of privately held Indian startups that were founded after the year 2000, worth at least $200 ...
- Cred valuation nearly doubles after $250-million fundingCred’s funding round, which was co-led by Tiger Global and Falcon Edge, saw two new investors Marshall Wace and Steadfast Venture Capital j...
- India Inc has a joke, and you would want to hear it. Kunal Bahl, Edelweiss AMC CEO & Paytm founder join Twitter trendSome top bosses, and others, too, were having a field day on Twitter!
- India's fintech future looks bright, but it needs to find its raison d'êtreLondon has emerged as a hub for investments into open banking solutions, China for facial recognition and Israel, a centre for cybersecurit...
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