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RBI cancels registration certificates of 135 NBFCsThe Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered th...- Uber CEO on Travis Kalanick; Micron’s warning to IndiaDara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtec...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- Neobank Fi Money’s cofounder Sumit Gwalani steps down after six yearsFi Money cofounder Sumit Gwalani has exited the startup. This follows the shutdown of Fi Money's banking service in March. The company is s...
- Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitchThe small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regul...
- Jupiter bags $15 million from existing investors at flat valuation of $600 millionWhile the company did not disclose the valuation at which the new round happened, people in the know said that the deal was done at a flat ...
- Jupiter Money secures direct insurance broker licence, expands into insurance distributionJupiter can now distribute both life and general insurance policies through its app. The fintech platform will begin with curated offerings...
- Supply chain finance startup Vayana bags NBFC licence, set to raise $20 millionVayana secured an NBFC licence from RBI, enabling co-lending partnerships. Backed by PayU, it seeks $20 million funding. Founded in 2017, V...
- Neobanking startup Jupiter posts 5X jump in FY24 operational revenue, trims lossThe company reported Rs 16 crore in revenue from its lending operations along with a net profit of Rs 1.3 crore. Jupiter had secured a non-...
- Neobank Jupiter's NBFC business raises Rs 20 crore from Peak XV, Matrix, othersJupiter's NBFC business, Amica Finance, raised Rs 20 crore in equity funding from Peak XV Partners, Matrix Partners, and others. The fundin...
- UPI boosts RuPay market share; cost pressure for gaming firmsHappy Thursday! The integration of UPI with RuPay credit cards has pushed up new issuances but transaction growth hasn’t kept up. This and ...
- Neobanking startup Jupiter gets RBI nod for mobile wallet licenceNeobanking startup Jupiter, backed by Tiger Global and Peak XV Partners, secures a prepaid payments instrument licence from the RBI to offe...
- Jupiter Money launches new savings feature for millennial usersMagic Spends allows investment of a predetermined amount every time a user of the company’s eponymous mobile app makes a transaction. The i...
- Neobanking startup Fi secures NBFC licence from RBIFi, backed by Peak XV and Temasek, obtained an NBFC licence from RBI for independent lending. Like Jupiter, Groww, and Cred, Fi now offers ...
- 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.
- Fintech startups crowd NBFC queue to enter credit laneA growing number of fintechs are hoping to play the credit game to keep users sticky and expand revenue opportunities
- Neobank Jupiter secures NBFC licence; will raise debt to push lending businessThe development is significant for Jupiter, which has been scaling its lending operations through partner NBFCs.
- RBI blocks NBFC plans of Mauritius-funded startupsThe move follows recent geopolitical developments that have spurred tighter scrutiny of Chinese capital coming into local startups via tax ...
- Jupiter scores $2 million in top-up funding roundJupiter will provide savings account, investments and lending services to the salaried millennial population with an income demographic of ...
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