C-Edge Technologies, a prominent IT solutions provider for India’s banking and financial sector, is grappling with a severe cybersecurity incident that has disrupted its operations and triggered widespread repercussions. The company recently suffered a major ransomware attack that has significantly impacted its systems, leading to substantial disruptions in payment services for nearly 300 small…
As India gears up for Budget 2025, the fintech sector stands at a critical juncture, seeking pivotal reforms to navigate regulatory challenges and spur growth amidst a challenging funding landscape. With the Reserve Bank of India (RBI) tightening scrutiny and a funding winter gripping the sector, fintech firms are looking to the government for a favorable tax framework, regulatory clarity, and…
India’s fintech sector has once again made waves on the global stage, securing its place among the top three most funded fintech ecosystems globally in the first half of 2024. With funding amounting to $795 million, despite a slight decline of 11% from the preceding half-year, the sector demonstrates resilience and ongoing investor confidence, as highlighted by a recent report from Tracxn, a…
Expecting to jump in its next period of development, fintech fire up Khatabook has gained Biz Analyst, a SaaS business the board application, in an arrangement worth $10 million as a blend of money and value. With this procurement, Khatabook will offer its client base of more than 10 million month to month dynamic dealers a chance to scale up their organizations by using premium worth added…
Mirae Asset, which has supported Indian new businesses and unicorns like Swiggy, Zomtao, Ola, Shadowfax ZoloStay and BigBasket, is presently dispatching a beginning phase centered asset for new companies in the nation.
As per an ET report, South Korean monetary administrations organization Mirae Asset bunch through Mirae Asset Venture Opportunities Fund 1, has made a corpus of $35 million to back…
