Neobank Niyo users bear the brunt, as partner SBM Bank India comes under RBI radar
Fintech startup Niyo has become an unexpected collateral damage a day after the Reserve Bank of India (RBI) ordered the State Bank of...
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- 6 days ago
- 1 min
Litigation and interim finance startup LegalPay acquired a minority stake in Padmalaya Finserve
Litigation and interim finance startup LegalPay acquired a minority stake in Gujarat-based non-banking financial corporation (NBFC)...
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- 6 days ago
- 1 min
SEBI asks PayMate India to refile DRHP
Mumbai-based fintech unicorn PayMate India has been asked by stock exchange regulator SEBI to resubmit its draft red herring prospectus...
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- Jan 18
- 1 min
Bhavik Koladiya is suing Ashneer Grover over a BharatPe share dispute
Bhavik Koladiya, co-founder of BharatPe, has filed a lawsuit against his former partner and co-founder Ashneer Grover, five months after...
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- Jan 16
- 1 min
Paytm Payments Bank gets final RBI nod to operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank announced on Monday that it has received final RBI approval to operate as a Bharat Bill Payment Operating Unit...
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- Jan 13
- 1 min
Fintech unicorn Groww acquired a minority stake in fintech SaaS startup Digio
Fintech unicorn Groww has reportedly made a strategic investment in fintech SaaS startup Digio and acquired a minority stake in it. Digio...
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- Jan 13
- 1 min
RBI requested that PayU reapply for its payment aggregator licence
The Reserve Bank of India (RBI) has requested that PayU reapply for its payment aggregator (PA) licence. For the time being, the fintech...
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- Jan 13
- 1 min
Paytm shares fall 9% intraday following reports of Alibaba's stake sale through bulk deals
Paytm shares fell about 9% intraday on the BSE on Thursday (January 12), to INR 528.35, after reportedly 3.1% of the startup's equity...
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- Jan 11
- 1 min
RBI gave BharatPe an in-principle approval to operate as a payment aggregator
The Reserve Bank of India (RBI) has granted BharatPe Group in-principle approval to operate as an online payment aggregator. According to...
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- Jan 10
- 1 min
Ashneer Grover requests VCs to steer clear of his ‘Third Unicorn’
Ashneer Grover said in a teaser document for his new company, Third Unicorn, that venture capitalists (VCs) should stay away. "VCs-SheCs,...
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- Jan 9
- 3 min
Fintech start-up BankSathi raises $4M as Pre-series A round
Bangalore based social ecommerce platform BankSathi has raised $4M USD in funding from Kotak Securities, Lets Venture, We Founder...
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- Jan 9
- 1 min
Delhi HC asks Ashneer Grover to maintain decorum on His social media posts against BharatPe
The Delhi High Court on Monday directed Ashneer Grover's lawyer to ask him to "maintain decorum" while hearing the suit filed by the...
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- Jan 9
- 1 min
Ashneer Grover files perjury plea against Shashvat Nakrani: BharatPe defamation case
The Delhi High Court (HC) refused to grant BharatPe any immediate relief in the INR 88.7 Cr defamation case filed by the fintech major...
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- Jan 9
- 1 min
Advisory firm IiAS questions ESOPs for Paytm CEO and demands SEBI’s intervention
Training guns at Paytm, proxy advisory firm Institutional Investor Advisory Services (IiAS) raised concerns that the fintech major could...
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- Jan 7
- 1 min
Paytm Payments Bank has received RBI approval to appoint Surinder Chawla as its new CEO
Paytm Payments Bank has received RBI approval to appoint Surinder Chawla as its new CEO. Chawla is currently the head of branch banking...
Startup News
- Jan 6
- 1 min
Paytm, Airtel & Reliance Jio against of transfer of data to ‘trusted geographies’
Indian government’s move to allow the transfer of personal data of Indians to ‘trusted geographies’ has hit a roadblock as Reliance Jio,...
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- Jan 5
- 1 min
Public sector banks to collaborate with fintech players to facilitate loan disbursals
Public sector banks will establish a unified cloud-based digital platform to collaborate with fintech players to facilitate loan...
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- Jan 5
- 1 min
PhonePe shareholders are expected to pay $1 billion in taxes to the Indian government
Following its decision to relocate its headquarters to India, PhonePe shareholders are expected to pay $1 billion in taxes to the Indian...
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- Jan 3
- 1 min
Bharatpay CEo Suhail Samer step down, CFO Nalin Negi appointed interim CEO
BharatPe’s CEO, Suhail Sameer, who has overseen the company's operations since co-founder Ashneer Grover was ousted last year, is set to...
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- Dec 26, 2022
- 1 min
Fintech player Money View raised $75 million in Series E led by Apis Partners
Fintech player Money View raised $75 million in Series E led by Apis Partners, a UK-based asset manager that supports growth stage...
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