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FPL TECHNOLOGIES
Are stricter rules holding back fintech startups? QED Investors' Nigel Morris weighs inIndia's fintech sector faces near-term challenges due to increased regulatory scrutiny, impacting early-stage startups' ability to scale. T...- BigBasket, 1mg founders plan transition; QED's Morris flags credit tighteningHappy Friday! BigBasket and 1mg founders are preparing to step back from day-to-day roles. This and more in today's ETtech Morning Dispatch.
- OneCard stops issuing new credit cards as RBI seeks clarifications from partner banksFPL Technologies' OneCard is facing a significant business setback as the Reserve Bank of India has instructed its partner banks to halt ne...
- RBI asks partner banks to halt issuing OneCard credit cardsFPL Technologies finds itself in a tough spot. The Reserve Bank of India has mandated partner banks to stop issuing OneCard credit cards. T...
- OneCard secures $25.5 million from QED Investors, BTV, Peak XV Partners and Z47FPL Technologies has raised $262 million in equity funding over multiple funding rounds. The fresh funds will be used for enhancing its tec...
- One Card to raise Rs 240 crore from Better Tomorrow Ventures, Peak XV Partners and Z47The round will see the Pune-based fintech get valued at around $1.1 billion, slightly lower than its 2022 valuation of $1.4 billion. Till d...
- Uni Cards reports rise in FY23 revenue to Rs 34 crore, loss up 13%Uniorbit Technologies, which was impacted by the Reserve Bank of India's order to stop linking credit lines to prepaid cards in June 2022, ...
- 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.
- 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.
- FPL Technologies set to be newest fintech unicornFounded in 2019, FPL Technologies operates digital credit score platform, OneScore, and has a total of 10 million registered users utilisin...
- Fintech focused investor QED will deploy $500 million in Indian startupsSome of the fund’s biggest bets are Nubank, Remitly, SoFi and Klarna
- ETtech Deals Digest: WayCool Foods, Lead School, Refyne raise fundsAgritech startup WayCool Foods, Edtech firm Lead School and salary-on-demand platform Refyne were among the startups that raised funding th...
- FPL Technologies raises $75 million in funding at $750 million valuationThe company now plans to use the proceeds from the fresh raise to double its team strength, hire across marketing and engineering functions...
- Fino Bank's Rs 1,200-cr IPO opens October 29Fino Payments Bank is set to raise over Rs 1,200 crore from its initial public offering that will hit the market on October 29. The price b...
- CSB lines up big plans to diversify from goldPrem Watsa's Fairfax-backed CSB Bank is collaborating with the likes of HDFC, IIFL, Pine Labs and OneCard to offer home loans, broking, wea...
- Matrix, Sequoia lead FPL's $10 million Series-A roundThe company will use the funds to expand its recently launched mobile-based credit card product - OneCard.
- FPL Technologies secures USD 10 mn funding from Sequoia India, othersThe latest investment brings FPL Technologies' total funding since launch to approximately USD 15 million, it added.
- FPL Tech raises $4.5 million from Matrix, SequoiaThe startup, which has already launched OneScore App for credit tracking, will also look to offer credit cards to consumers in partnership ...
- ICICI Pru acquires 8.41% stake in Fino Paytech for Rs 100 croreIn a BSE filing, ICICI Prudential said it has "completed the acquisition and obtained necessary approval from insurance sector regulator Ir...
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