Stories tagged “Fintech.”
30 stories
Centricity has secured ₹280 Cr (approximately $29 Mn) in a funding round led by SMBC Asia Rising Fund, aiming to enhance its wealthtech platform and expand its B2B2C distribution, private wealth, and NRI client businesses.
Block, a fintech company, raised its full-year outlook after reporting a strong second quarter driven by growth in Cash App and Square. The company also expanded its use of AI across software engineering.
Polymarket, a prediction market platform, is in talks for a fundraising round that would value the company at north of $20 billion. The company's annualized revenue is well above $1 billion, following the launch of its regulated U.S. exchange in May.
India is taking steps to reshape the business model behind its Unified Payments Interface (UPI), a widely used payments network built by the government, via new legislation that could pave the way for merchants to pay charges on some UPI transactions.
PTCL Set to Acquire Pakistan's Largest Digital Wallet, Easypaisa
PTCL has taken the first formal step toward acquiring Easypaisa, Pakistan's largest digital financial services platform. The move could mark one of the biggest deals in Pakistan's telecom and fintech industries.
Ripple invests in Zilo and Licuido to enable tokenized funds as collateral. The investments aim to expand access to tokenized financial assets on its blockchain ledger.
Young Indians are taking on more debt, with 70% of those under 30 having taken out at least one loan. This is driven by a boom in fintech lending and a desire to splurge on travel and other lifestyle expenses.
ABHI Bank is planning to list on the Pakistan Stock Exchange and raise approximately PKR 2–3 billion through an Initial Public Offering (IPO). This IPO is a strategic investment in building the next generation of digital banking capabilities and will strengthen the bank's…
Robinhood posted record Q2 revenues of $1.31 billion, up 32% year-over-year, beating Wall Street's estimate of $1.26 billion. Crypto revenue fell 38% year-over-year to $100 million, while event contracts—prediction market bets on real-world outcomes—surged over 10x to $15…
Robinhood posted a record quarter with $1.31 billion in revenue, but its crypto transaction revenue fell 38% to $100 million. The company expanded its digital asset business and recorded $40 billion in crypto trading volume.
InCred Finance reported a consolidated net profit of ₹172 Cr in Q1 FY27, up 82% from ₹94 Cr in the year ago quarter. The company attributed the surge in bottom line to growing loan disbursements, improving operating leverage and healthy asset quality.
MoonPay has launched PayBox, a payment vault that lives inside Claude and ChatGPT, allowing AI agents to execute transactions. The vault uses MPC and TEE cryptography to protect user funds and transaction signing.
Peak XV Partners has offloaded shares worth ₹139 Cr in Go Digit via a block deal. This is the second time in two months that the VC giant has sold a part of its stake in the insurtech company.
Kissht's net profit grew 59% YoY and 16% QoQ to ₹95.1 Cr in Q1 FY27. Operating revenue zoomed 45% YoY and 8% QoQ to ₹669.5 Cr.
Fintech startups are preparing to make their debut in the public markets, with a focus on sustainable profitability and disciplined valuations. This is a departure from the first wave, which validated digital distribution in financial services.
Pine Labs logged a consolidated net profit of Rs 19.6 crore in the first quarter of FY27, a fourfold increase from Rs 4.8 crore in the year-ago period. Revenue from operations rose 20% year-on-year (YoY) to Rs 737 crore from Rs 616 crore in the year-ago period, mainly due…
The Delhi High Court has ordered the winding up of Paytm Payments Bank and appointed former SBI executive Girikumar M. Nair as the official liquidator. This follows the RBI's cancellation of the bank's licence in April, citing governance lapses, regulatory non-compliance,…
Temple, a wearable startup, has reached a valuation of $375 Mn, nearly double its valuation from four months ago. PhonePe, a fintech major, has reported a net loss of ₹2,792 Cr in FY26, with expenses surging over 16% YoY. The Indian crypto industry has welcomed the guidel…
Hong Kong's banking sector is preparing for quantum threats as the city expands tokenized finance. The Hong Kong Monetary Authority (HKMA) has launched a framework to assess banks' preparedness for quantum-computing threats.
The Pakistan Stock Exchange (PSX) witnessed a robust recovery on Monday, with the benchmark KSE-100 Index rebounding sharply after last week’s weakness. The index settled at 178,262.33 points, registering a gain of 7,241.13 points (+4.23 percent), as broad-based buying an…
Former Share.Market CEO Ujjwal Jain and ex-Microsoft researcher Debopam Bhattacharjee have launched Atyx.AI, a wealth management startup that aims to reimagine the industry using AI.
PhonePe's FY26 net loss widened 62% YoY to ₹2,792 Cr despite operating revenue rising 11.5%, as higher employee costs, marketing spends, ESOP expenses and one-time write-offs weighed on its bottom line.
Paytm, India's largest fintech company, is eyeing the enterprise AI tools market. The company has been quietly building AI capabilities through Paytm ARMS and Paytm Pi, and now wants to package and sell them to merchants and enterprises.
TechCrunch Disrupt 2026's new Smart Money Stage will explore fintech, payments, and AI. The stage will feature leaders from Circle, Robinhood, American Express, Plaid, Airwallex, and more.
Veefin Solutions, a BSE SME-listed company, has received board approval to raise up to ₹35 Cr via issuance of non-convertible debentures (NCDs). This will be the company's second capital fundraise since its SME listing in 2023.
In June, players like Navi and super.money saw a marginal jump in their respective market share contrary to PhonePe and Google Pay losing it a bit. WhatsApp surpassed CRED in both UPI market share and transaction volume during the month.
General Catalyst overtook Y Combinator in Q2 as the most active investor in fintech deals of $5 million or more, according to Crunchbase data. The firm participated in 12 such deals, while YC invested in 11. Fintech startups raised $28.6 billion globally in the first half…
Insurance startup Corgi reportedly raised $4 billion in its third round in eight weeks, doubling its valuation. The company has been expanding its types of insurance and branching out into data room software and coffee shops.
Nasdaq, Inc. (NDAQ) held its Q2 2026 Earnings Call, discussing financial results and future prospects. Key speakers included Adena Friedman, CEO & Chairman, and Sarah Youngwood, Executive VP & CFO.
BharatPe cofounder Ashneer Grover has launched a new fintech venture, 'Fund My Staff', a platform that enables employers to act as guarantors for employees seeking small-ticket personal loans.