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.…
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…
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…
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…
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…
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…
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…
Three points you will get to know in this article: The shares of One97 Communications Ltd, the parent company of leading fintech player Paytm, faced a 20% downward lock at INR 650.65 on Thursday (December 7). This downturn came in response to the company’s decision to shift its focus away from smaller loans, specifically those below INR 50,000, which primarily…
Three points you will get to know in this article: PhonePe, the digital payments unicorn, is poised to launch consumer lending services on its platform by January of the upcoming year. In a strategic move into the consumer lending arena, PhonePe, backed by Walmart, is set to commence operations initially as a facilitator for personal loans. According to a report…
Three points you will get to know in this article: Fino Payments Bank, headquartered in Mumbai, has secured the nod from the Reserve Bank of India (RBI) to appoint Rajat Kumar Jain, the former managing director of Xerox India and Walt Disney India, as its part-time chairman. This significant appointment coincides with Fino Payments Bank’s strategic focus on digital expansion…
