MobiKwik, the popular fintech company known for its digital payments and financial services, has just taken a giant leap into the stock broking business. The company has launched a new subsidiary called Mobikwik Securities Broking Private Ltd. after receiving official approval from the Ministry of Corporate Affairs on March 3, 2025. This exciting expansion is a big shift for MobiKwik, and it’s…
In a bold move that’s sure to shake up the fintech world, Mintoak, the merchant SaaS platform backed by PayPal Ventures, has acquired Digiledge, an emerging fintech startup known for its innovative bill payments and Central Bank Digital Currency (CBDC) solutions. This unexpected acquisition is set to revolutionize how small businesses handle their financial transactions and engage with digital…
In a surprising move, Sachin Bansal, the founder and former CEO of Navi Group, has stepped down from his position as the company’s chief executive officer. But don’t worry—Bansal isn’t leaving Navi. Instead, he’s taking on a new, influential role as executive chairman. This shift in leadership is set to bring fresh changes to Navi Group, with two longtime team members stepping up to lead…
In an exciting move for the Indian venture capital landscape, Cornerstone Ventures, a Mumbai-based early-stage VC firm, has raised $40 million in the first close of its second fund, targeting a total of $200 million. With a sharp focus on investing in B2B SaaS startups, Cornerstone Ventures is making its mark as a key player in the rapidly growing tech ecosystem, with a clear strategy to scale…
RBI and IIMA Ventures Join Forces to Empower Women Entrepreneurs with Tech Solutions
In an exciting development aimed at boosting women’s financial inclusion in India, the Reserve Bank Innovation Hub (RBIH) has partnered with IIM Ahmedabad’s incubator, IIMA Ventures, to launch the Swanari TechSprint 3.0. This new startup program is designed to foster innovative fintech solutions that address…
InCred Finance, the consumer and MSME lending arm of InCred Group, has just announced the appointment of Gaurav Maheshwari as its new Chief Financial Officer (CFO), starting December 16, 2024. This strategic hire comes at a key moment for the company, which is gearing up for a major Initial Public Offering (IPO) as part of its plan to expand further and solidify its position in the financial…
In a major move for the Indian financial technology sector, cricket legend Sachin Tendulkar has partnered with Kissht, a Mumbai-based digital lending platform. This collaboration sees Tendulkar not only as a strategic investor but also as Kissht’s first-ever brand ambassador. This partnership is set to reshape the way millions of Indians access financial services, with Tendulkar’s iconic…
In an exciting development, WadzPay Worldwide Pte. Ltd., a leading blockchain-based technology provider, has secured a SGD $50 million investment commitment from GEM Global Yield LLC SCS. This funding will support WadzPay’s ambitious growth strategy, which includes acquisitions, partnerships, and organic growth initiatives.
This major investment signals a new chapter for WadzPay as it works…
In a ground-breaking partnership, Vegapay and Yes Bank are introducing a new way to access credit directly through UPI. This collaboration aims to make credit more accessible to millions of Indians, especially in a country where only a small percentage of the population has access to traditional credit cards.
A Game-Changing Partnership for Financial Inclusion
In a major move to expand credit…
Yubi, formerly known as CredAvenue, is making waves in the financial technology sector, showcasing impressive growth and strategic improvements in its financial performance for the fiscal year 2023-24 (FY24). The company, which operates as a debt platform for enterprises, banks, and fintech firms, has reported a 47.6% growth in its revenue from operations, reaching Rs 484 crore. At the same time…
