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…
Three points you will get to know in this article: The Internet and Mobile Association of India (IAMAI), dedicated to championing the interests of internet and technology companies, has enlisted seasoned leaders from Ninjacart and WhatsLoan to spearhead its recently established Agritech Panel. In this exciting development, Pradeep Rathnam, the accomplished fintech head at Ninjacart, assumes the esteemed role of…
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…
Three points you will get to know in this article: Fintech unicorn Razorpay is strategically considering a move to shift its headquarters to India through a cross-country merger, anticipating a potential tax liability ranging from $250 million to $300 million in its current base, the United States. This strategic initiative involves merging its U.S.-registered entity with its Indian counterpart. Razorpay,…
Three points you will get to know in this article: Zeta’s Financial Performance in FY23 Zeta, a fintech SaaS unicorn based in Bengaluru, has turned profitable in the financial year ending on March 31, 2023, through its Indian subsidiary Better World Technology Pvt Ltd. The company reported a profit after tax (PAT) of INR 21.94 Cr in FY23, a remarkable…
Three points you will get to know in this article: Following the remarkable success of the ET Soonicorns Summit 2023 in Bengaluru, we’re thrilled to announce our next exciting chapter. The Economic Times’ groundbreaking startup-tech initiative is now spreading its wings to the heart of the nation. Get ready for a captivating experience as we bring you the second installment…
