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West Asia conflict fears could harden credit card underwriting, curb co-branded card growthIndian banks are tightening credit card rules due to global economic worries and the West Asia war. Fintech firms expect stricter underwrit...- 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.
- Scoop: Credit card startup Uni eyes fresh funds at over 70% valuation cut amid RBI curbsBengaluru-based Uniorbit Technologies, the parent company of Uni Cards, has so far raised $104 million across multiple rounds from investor...
- Uni’s valuation cut; Howard Morgan on AI, venture investing, moreHappy Thursday! Fintech startup Uni is staring at a steep valuation cut as it looks to raise fresh capital amid regulatory headwinds. This ...
- 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...
- Travel fintech startup Scapia raises $40 million from Peak XV, existing investorsTravel-focused fintech Scapia, founded by ex-Flipkart executive Anil Goteti, raised $40 million in funding led by Peak XV Partners. The sta...
- IFC invests in Alteria Capital’s SDS as anchorAlteria Capital, which has backed startups such as Rebel Foods, BlueStone, OneCard and Ather Energy, primarily offers venture debt for long...
- ET Startup Awards 2024: Nominees for Midas TouchThe award will recognise the most lucrative exit in the year. The decision will be made based on the volume of deals as well as the size of...
- New credit card rules, changes in May 2024: These 4 banks have revised their credit card rulesCredit card customers should be aware of the changes and make sure to follow the latest fee and guidelines set by the bank or credit card c...
- New credit card rules: Bank of Baroda hikes interest rates and late payment fees on this credit cardBank of Baroda credit cards: The hiked rates are applicable from June 26, 2024, as per the Most Important Terms and Conditions pages on the...
- Federal Bank, South Indian Bank stop new co-branded card issuanceFederal Bank has three co-branded credit cards with partnerships with OneCard Scapia Technology Pvt. Ltd and FI Brand Pvt Ltd, targeting mo...
- OnePlus Open hits stores today with Rs 5,000 instant discount: Company's first foldable comes with Snapdragon 8 Gen 2 chip, 16GB RAMOnePlus Open, the brand's debut foldable phone, is now available in India at Rs 1,39,999. Sporting a vivid 7.82-inch AMOLED display and Qua...
- Discover and HDFC Bank set sight on doubling Diners Club card base in IndiaDiners Club is part of HDFC Bank’s offering for its premium customers. Reserve Bank of India data shows that HDFC Bank has issued around 18...
- 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.
- Dunzo asks rainmaker Reliance for more monies; OneCard, WintWealth apply for NBFC licencesA week after ET reported that Dunzo may lay off more employees after the April carnage when it cut 300 jobs, more bad news is coming. The q...
- 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...
- Neobank Fi marks financial services foray with mutual fundsFi will offer around 600 index funds and increase the number going forward, the company said at a virtual press conference on Thursday
- ETtech Opinion: Growth at what cost? Demystifying the customer acquisition cost riddleWe would all like to believe that CAC is going up because of too much competition and too much money being invested by investors in similar...
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