Pratik Bhakta

  • IAN’s first fund raises Rs 227 crore

    IAN’s first fund raises Rs 227 crore

    Along with institutional investors such as India Infoline, Yes Bank, Max Group, Grey Matters Capital and Hyundai, retail investors Kris Gopalakrishnan, Kanwal Rekhi and others participated in this fundraise.

    Chinese lenders out for a taste of India

    Chinese lenders out for a taste of India

    While India’s rapidly growing fintech sector appears greener to the Chinese companies because of a regulatory clampdown back home, domestic firms stand to benefit from their Chinese counterparts’ ability to innovate and robust business models.

    MobiKwik joins the UPI bandwagon

    MobiKwik joins the UPI bandwagon

    ​​The app will also open up UPI payments to its existing merchant base of three million. The app will also offer payments via BharatQR, UPI QR and intent functionality for merchants.

    PoS play helps payment firms boost lending operations

    PoS play helps payment firms boost lending operations

    Companies such as Mswipe, which partner directly with merchants, as well as entities like Innoviti Payments that deploy PoS terminals on behalf of banks, are doubling down on their lending businesses aimed at small and medium enterprises.

    Fintech startup EarlySalary buys CashCare to grow

    Fintech startup EarlySalary buys CashCare to grow

    EarlySalary, which is in the business of short-term loans for young people without any borrowing history, is planning to expand into the consumer-financing business with this deal.

    Freecharge looking to cash in on fintech boom

    Freecharge looking to cash in on fintech boom

    The payments company, which is now a wholly-owned subsidiary of private-sector lender Axis Bank, is looking at starting the financial services within the next four months, said its top executive.

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