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RAZORPAY NEOBANK
Open gets RBI nod for payment aggregator licenceEarlier this year, Open also received a go-ahead from the RBI for its new cross-border payments product after completing the test phase of ...14 Nov, 2022, 07.55 PM IST- Razorpay can go public in a few years without raising more funds, say company foundersWinner or the Startup of the Year category at the ET Startup Awards 2022, Razorpay has already surpassed its annual gross transaction value...14 Nov, 2022, 10.53 AM IST
- Razorpay cofounder Shashank Kumar takes over as MDMurali Brahmadesam, a former executive at Amazon Web Services (AWS), will take over as CTO and head of engineering in place of Kumar.29 Jun, 2022, 08.02 PM IST
- Lightspeed, Moore Strategic Ventures invest in Razorpay’s $75 million secondary share saleRazorpay said about 650 current and former employees have sold their stock options as part of this share sale. According to the company, th...10 May, 2022, 12.02 PM IST
- Neobank Open turns unicorn after $50 million funding led by IIFLOpen, going forward, will use the new capital and IIFL Finance’s strategic expertise to build out a lending business, people aware of the p...02 May, 2022, 12.26 PM IST
- Traditional banks are using neobanks to reach out to tech-savvy customers: reportAccording to the Redseer report, collaboration benefits both, giving neobanks a strong footing and traditional banks access to young custom...27 Apr, 2022, 03.32 PM IST
- SMEs lose Rs 67 lakh annually due to outdated ways of managing finances: StudyThe study attempted to answer some questions around digital adoption by SMEs and what is stopping them from modernizing their finance funct...11 Jan, 2022, 12.39 PM IST
- Exclusive | Neobank Open expected to enter unicorn club with new funding of $100-150 millionGoogle-backed neobank Open is in advanced talks to close a new funding round of $100 million to $150 million at a post-money valuation of $...23 Dec, 2021, 09.42 PM IST
- Razorpay’s valuation rises to $7.5 billion after $375-million fundingRazorpay’s valuation has increased by more than seven times since it turned unicorn in October 2020 due to a pandemic-induced surge in dema...20 Dec, 2021, 12.01 AM IST
- Explained: Neobanks, the next evolution of bankingMany might confuse neobanks with digital banks. Both are similar in that they offer banking services through smartphones and other devices....07 Oct, 2021, 04.57 PM IST
- Salesforce Ventures makes 'strategic' investment in RazorpayThe "strategic" investment will also help Razorpay expand its services in Southeast Asian markets, Harshil Mathur, the chief executive and ...20 Sep, 2021, 10.19 PM IST
- Effitrac Solutions partners RazorpayX to empower MSME customersThe banking platform will empower Effitrac customers with payout links, book-keeping in autopilot mode, automated TDS, and give them access...25 Aug, 2021, 11.57 AM IST
- Tata Digital to add neobank to its 'super app' arsenalAfter bolstering its e-commerce offerings by acquiring BigBasket and 1mg, Tata Digital wants to offer financial services—including credit, ...18 Jun, 2021, 09.27 AM IST
- Neobank Niyo acquires personal finance startup IndexNiyo neobank plans to integrate Index’s personal finance services to NiyoX—its newly launched savings and wealth platform—to extend to its ...10 Jun, 2021, 01.41 PM IST
- Razorpay gets $160 mn funding, valuation trebles in less than 6 monthsRazorpay will use the funding to expand into Malaysia, Indonesia and Singapore, CEO Harshil Mathur says. The company is also in the process...19 Apr, 2021, 09.56 AM IST
- ETtech Deals Digest: Razorpay, Zomato, Ninjacart raise funds this weekA quick look at this week's most important investments in the tech and startup space.16 Oct, 2020, 05.32 PM IST
- Covid-19 impact: Neobanks like Jupiter, RazorpayX, Niyo, Open rework plansAs funding falls amidst a crisis in the credit business, startups see consolidation in the space.26 Jun, 2020, 07.25 AM IST
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