Rural play keeps payment, fintech companies in good shape
Bumper harvests, record sowing, good monsoons, robust farm income and high demand for goods will likely buttress the initiatives to bring the economy back on the rails. Tractor sales are already witnessing revival in rural pockets while other consumption activity has reached over 80% of pre-Covid levels, experts say.
Amid pink slips all over, fintech companies a silver lining
Payment and lending startups, like PineLabs & PhonePe plan to hire around 1,100 p...
Fintech company YAP raises $ 4.5 million
The funds will be used to strengthen the team, build technology and offer enhanced API products to f...
Fintech Future: An industry veteran explains the ABC of technology dominance in banking
I just had to read all about fintech future to know the next on this new technology.
Varanium NexGen Fund leads investment round in fintech company HomeCapital
The company’s enables home buyers accelerate their home ownership through its down payment assistance program.
eLender InCred acquires fintech platform Qbera
InCred, which is registered as a non-banking finance company with a licence from the RBI, has a loan-book size of about 2,100 crore.
Fintechs are no threat to small banks if they can transform digitally: Pramod Bhasin
‘There are enough positives that a bank can deliver in the financial services space’
Forget English, go vernacular says Niti Aayog CEO to fintech firms
There is a need to go beyond account opening and savings products, and look at micro lending and micro insurance as well, Amitabh Kant said.
Covid-19 impact: Neobanks like Jupiter, RazorpayX, Niyo, Open rework plans
As funding falls amidst a crisis in the credit business, startups see consolidation in the space.
Fintech lenders find comfort in the steady cash flow of humble corner shops
Most fintech lenders are focusing on servicing existing clients and in the process turning off the funding tap for new borrowers. The only exception is for essential services, including grocery shops, dairy outlets, pharmacies, opticians and restaurants offering food delivery.
Contactless payments, digital loans make kiranas open doors to fintech
Top fintech companies are, therefore, rushing to tap into this new consumer trend, with several of them offering digital solutions to small merchants. These range from instant loans to digital billing to even geotagging, as companies believe the merchant digitisation business will boom when the lockdown eases.
Fintech firm slice raises Rs 46 crore in funding led by Japan-based Gunosy
The pre-series B round also saw participation from US-based EMVC, Kunal Shah of CRED, Better Capital and existing investor, Das Capital.
Fintech sector is back online after Yes glitch
PhonePe added that merchants whose funds are stuck due to freezing of new nodal accounts of Yes Bank were also reimbursed after new accounts were set up with ICICI bank overnight on Friday.
Covid-19 Impact: Companies looking to raise Variable Pay Component
There is a pay structure realignment happening as a response to the Covid-19 crisis where certain organisations are looking to increase the variable component in salaries, particularly of those in middle and senior management, in order to link compensation more to performance, multiple experts told ET.
JetSynthesys raises Rs 300 crore from existing shareholders
The capital infusion, announced on Wednesday, comes from Kris Gopalakrishnan, the family office of Adar Poonawalla, and the Navani family-owned Jetline Group. Other shareholders of JetSynthesys include the family offices of Thermax, Triveni Group and DSP Group.
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