BlackSoil NBFC Secures ₹100 Crore to Bolster Lending Services
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Posted in AutomobileFinance
Auxilo Raises $6 Million in Debt for Education Financing
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Posted in AutomobileFinance
Smallcase Invests INR 176 Crore and Yields INR 31 Crore Returns
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Posted in Finance
RBI’s Regulatory Hammer: Impact on Indian Fintech Giants
Three points you will get to know in this article: In a recent development that could spell trouble for fintech firms, the Reserve Bank of India (RBI) has purportedly instructed Visa and Mastercard to prohibit card-based commercial transactions initiated by companies. Interestingly, some fintech players like Enkash, Karbon, and Paymate facilitate card payments for functions such as settling bills with…
Bharat Fintech Summit 2024: Insights into India’s Rapidly Evolving Financial Landscape
Three points you will get to know in this article: The Bharat Fintech Summit 2024, orchestrated by The Digital Fifth in the bustling city of Mumbai, attracted a crowd of 3,000 enthusiastic participants deeply rooted in India’s fintech community. Spanning from February 7 to February 8, the event’s second installment showcased a remarkable lineup featuring 23 engaging speaker sessions, five…
Jio Financial Requests RBI Approval to Transition from NBFC to Core Investment Company
Three points you will get to know in this article: Jio Financial Services (JFS), recently separated from Reliance Industries Ltd (RIL), has formally approached the Reserve Bank of India (RBI) to undergo a transformation from a non-banking financial company (NBFC) to a core investment company (CIC), as mandated by regulatory requirements. The Rationale Behind the Shift Having successfully debuted on…
Indian Startups Raise Over $1.2 Billion in Funding for October
Three points you will get to know in this article: October witnessed a promising surge in investments for Indian startups, aligning with historical patterns. This noteworthy uptick in monthly financial support arrives just as startups within the ecosystem are rallying to navigate through the challenges of funding constraints. Notably, an intriguing aspect is that a substantial one-third of the total…