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…

Altitude Club Redefines Investment Landscape with ‘Mutual Fund for Alternative Assets

Three points you will get to know in this article: Increasing numbers of Indians are exploring alternative financial instruments that promise higher returns on their investments. In the recent month, India witnessed a remarkable surge in new Demat account registrations, setting a record at 42 lakh, with the overall count reaching 13.93 crore. Altitude Club, headquartered in Gurugram, is on…

Vivifi India Finance: $75M Series B Funding Secured

Three points you will get to know in this article: Hyderabad-based fintech NBFC, Vivifi India Finance, has successfully secured $75 million in its Series B funding round, a blend of debt and equity. Although the specific investors remain undisclosed, regulatory filings indicate that BP IN VPF LLC has contributed to this funding, propelling Vivifi’s valuation to an estimated $150 million.…

Infibeam Closes Q3 FY24 with INR 900 Cr Revenue, Recording INR 41 Cr Profit

Three points you will get to know in this article: On Tuesday, Infibeam Avenues, a leading fintech company, unveiled its financial performance for the third quarter of the current fiscal year, Q3 FY24. The reported results paint a compelling picture, showcasing sustained growth in both revenue and profits. During Q3 FY24, Infibeam experienced a noteworthy 15.4% surge in revenue from…

Paytm Reports 13.2% Growth in Q3 FY2023-24 Revenue, Implements Cost-Cutting Measures

Three points you will get to know in this article: Paytm, a big financial technology company, recently shared its financial results for the third quarter of the financial year that ends in March 2024. The results show that Paytm’s revenue from its business operations increased by 13.2% to Rs 2,850.5 crore in the three months ending December 2023. This is…

Fintech Firm BharatPe and its NBFC Partner Trillion Loans Raise Debt Funds

Three points you will get to know in this article: BharatPe, the fintech company, has successfully concluded a $100 million debt round, as per information from sources familiar with the matter. This latest debt infusion marks a significant milestone for the Delhi-based company, coming more than two years after its previous debt round. According to the sources, InnoVen Capital is…

MobiKwik Gears Up for Rs 880 Crore IPO, Second Attempt After Market Postponement

Three points you will get to know in this article: MobiKwik, the leading digital payment solutions provider, is gearing up to secure Rs 880 crore through a new issuance of equity shares via a public offering. This marks MobiKwik’s second venture into the IPO arena, following an initial attempt where it submitted a draft red herring prospectus (DRHP) in July…

Zype Reports Monthly Disbursal of INR 75 Crore with Proprietary Collection Infrastructure

Three points you will get to know in this article: Zype, a pioneering app focused on financial well-being and lifestyle with a credit-first approach, made headlines in December 2022 when it secured close to $18 million in funding and emerged from stealth mode. In a recent discussion with Yogi Sadana, the founder and CEO of Zype, Entrackr gained valuable insights…

InCred Attains Unicorn Status with $60 Mn Fundin

Three points you will get to know in this article: In a significant milestone, InCred, a leading fintech company, has achieved unicorn status, marking a momentous occasion for the firm. The accomplishment comes on the heels of a successful Series D funding round, where InCred secured an impressive $60 million from both new and existing investors. Notably, it follows in…

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