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Startups eye insurance pie; Good Glamm’s salary delayHappy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.- Early-stage VC firm Prime Venture closes fifth fund at $100 millionPrime is an investor in fintech startups like digital lending startup Freo (previously Moneytap), forex card distributor Niyo, community ma...
- Digital lenders’ RBI plea; Peak XV’s top-level churnDigital lenders are asking India’s central bank to loosen the reins around unsecured lending. This and more in today’s ETtech Morning Dispa...
- Peak XV’s Shailesh Lakhani, Abheek Anand quit VC firm adding to top-level churnThe two will no longer have full-time investing roles but will continue to hold their board seats in some of their portfolio companies. Acc...
- Musk’s $97.4 billion offer for OpenAI; Peak XV’s exitsA consortium led by Elon Musk has made an audacious $97.4 billion bid for the non-profit overseeing ChatGPT-maker OpenAI. This and more in ...
- Women prudent borrowers, aspirational younger generation displays bolder risk appetite: Fintech soonicorns on financial inclusion at ET Soonicorns Summit 2024India’s data expansion has been phenomenal and instrumental in the financial inclusion of the underserved to a great extent. There, however...
- Amazon’s q-comm move; green shoots for IT sectorHappy Monday! Amazon wants to catch up in the quick commerce race. We have a Monday AM scoop on the latest from the US ecommerce major in t...
- Fintechs scramble to protect brands from fraudstersFor years, banks and large insurance companies have battled fraudsters. Now, even prominent fintech startups like Razorpay, Zerodha, Groww,...
- States & online gaming regulations; banks tap startups to foil fraudsHappy Monday! In the absence of central government’s self-regulatory mechanisms, states are framing laws for online real money gaming. This...
- Digital fraud-hit banks turn to startups to cope with risksLegacy financial institutions turn to startups like Data Sutram for tech support in customer verification. Data Sutram's 'DS Authenticator ...
- Employees despair as bell tolls for Paytm Payments Bank; and other top startup & tech stories this weekWhile the regulatory action on Paytm Payments Bank managed to bring the entire business to a standstill, its largest business partner Paytm...
- Startups tap new pools of capital; consumer lending apps hit profitabilityCapital pools have diversified amid the broader tech slowdown with large global, crossover and hedge funds mostly staying away from cutting...
- Consumer lending apps on track on profitability frontFreo joins the likes of Navi, Fibe and Kreditbee in profitability, reports positive cash flow over the last four months. They target variou...
- Credit card payment rule change: Can you change credit card billing cycle, due date multiple times now? What RBI saysCredit card billing new rule: The Reserve Bank of India (RBI) has tweaked its guidelines for credit cards to allow for more flexibility to ...
- Digital banking infra provider Signzy acquires Difenz at $5 million valuationThe acquisition also gives an exit to early-stage venture capital fund 8i Ventures, which had invested Rs 4.5 crore in a seed round in Dife...
- Digital banking platform Freo raises debt funding from SidbiFreo said it would utilise the funds for growth into newer categories and segments as well as to expand into new pan-India geographies. It ...
- Personal loan interest rate likely to rise up to 1.5%; loan eligibility norms to get tighter in 2024 with RBI new rulePersonal loan interest rates to go up in 2024: All lenders regulated by the RBI are required to hold capital in a certain proportion of the...
- Fintech lenders may face the brunt of RBI’s tightening of capital norms for unsecured lendingGiven that fintechs have mostly focussed on disrupting unsecured personal loans, consumer durable loans, credit cards and gold loans throug...
- ETtech Budget Watch: Fintechs seek ‘priority’ tag, sops in 2023 BudgetIn their expectations from finance minister Nirmala Sitharaman, the fintech industry – which has seen several regulatory reforms over the l...
- YCombinator-backed gamified savings startup Fello raises $4 million in fresh funding roundThe gamified fintech platform had raised $1 million in its seed round in November 2021.
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