Fintech

The notable exception to this trend was credit and debit card spending, which is online sales driven. The card spending has also been hit by UPI's popularity, which also hit record highs in December

Lending infra firm Knight Fintech raises $23.6 million in Series A round led by Accel

Knight FinTech positions itself as a backend infrastructure player, largely invisible to end users, that enables banks, NBFCs and platforms to originate, disburse and manage credit at scale.

The 2025 reset: Regulatory changes force diversification, resilience in India's brokerage sector

A structural reset in 2025 forced top brokers to shift away from derivatives reliance toward wealth creation, as retail investors embrace long-term, disciplined investing

Google launches its first-ever credit card globally in India on RuPay, ties up with Axis Bank

Peers PhonePe and Paytm also have co-branded Rupay credit cards that can be linked to UPI for merchant payments.

Fintech firm Niyo betting big on booming Indian travel to Asian countries: Founder Vinay Bagri

With offerings in forex cash, debit and credit options, along with a slew of travel-related products and services, Niyo looks to turn profitable in two years.

Children are influencing parents to invest, says Groww's Harsh Jain as equity becomes mainstream

The popular SIP inflows have demonstrated a significant 25 percent CAGR over the past decade, primarily driven by young and new-to-equity market investors from smaller towns and cities

UPI crosses 700 million daily transactions for six straights days in December

The mobile payments platform also recorded transactions worth over Rs 1 lakh crore for the first five consecutive days during the month

Groww leads in volumes, usage; Zerodha leads in value, asset size

Groww's lead in new SIP registrations is unparalleled, but Zerodha maintains its market advantage with double the overall Assets Under Management (AUM)

Groww dominates new SIP registrations with 47% market share in October

The wealth-tech firm added over 2 million fresh SIPs during the month followed by Angel One and PhonePe

2026 will be breakout year for Navi, its credit-on-UPI push, says CEO Rajiv Naresh

Navi is chasing profitability as it is looking to launch an IPO in the next fiscal and the fintech has been moving in that direction over the past six months, Naresh tells Moneycontrol

Paytm shifts offline merchant business to PPSL post-RBI’s payment aggregator license

Paytm has around 1.4 crore offline merchants using its various payment subscription devices

Digital gold companies approach Finmin for recognition, promise standardised practices

While buying digital gold is legal, there is still no clarity on whether it is regulated or formally recognised by any government authority. The SEBI advisory has caused concern among industry participants

Tijori raises $5 million from Zerodha, to expand into enterprise segment

The company aims to have 70% of future products as enterprise-grade offerings because of the high cost of advanced AI queries

3one4 Capital books 90 percent and 65 percent IRR exits from KukuFM and Raise

The venture firm has secured two significant liquidity events across its consumer-internet and fintech bets, driven by sharp valuation upticks, faster revenue expansion and improved unit economics at both companies.

Why did Groww's Q2 net profit rise when income from operations declined?

Groww’s red herring prospectus disclosed that the company had paid a total of Rs 614 crore one-time incentives to founders during the last fiscal

Paytm recovers its lost UPI base after 2 years, transaction volume hits new record in October

Even though Paytm's latest quarterly revenue is below its FY 24 December quarter, the reduction in expenditure and rising merchant subscriptions have helped the company post a net profit for two consecutive quarters

Yubi raises Rs 411 crore in debt and equity capital, founder Gaurav Kumar invests Rs 75 crore

With this new equity infusion by the founder, Kumar’s equity investment in the company has crossed Rs 330 crore. In August 2024, Kumar had infused Rs 250 crore in Yubi

Digital gold players to form self-regulatory organisation by Nov-end after SEBI caution

The investment in digital gold by Indians is estimated to be around Rs 55,000 crore, backed by physical gold kept in vaults managed by companies like MMTC, SafeGold and Brink’s

Dhanteras brings sparkle to digital gold sales, surge by 62% in October

The sale of digital gold through online platforms has been steadily rising all year, going up from Rs 762 crore in January this year to Rs 2,290 crore in October

FASTag annual pass contributes to 12% of National Highway trips within 3 months of launch

Launched on August 15, the annual pass worth Rs 3,000 gives customers toll-free access up to 200 trips through National Highways in a year, translating into Rs 15 per toll passing, considerably cheaper than the regular fares.

Jupiter’s Jitendra Gupta to double investment as fintech extends total round size to $25 million

The round is being extended by $10-11 million just weeks after Jupiter announced a $15 million round. About half of the fresh capital will come from founder and CEO Jitendra Gupta, sources told Moneycontrol.

Groww’s measured pricing delivers a listing-day boost, up 31% from IPO price

Groww seemed like a company that was valued almost at par with peers, and the premium was attributed to operational metrics, rather than technology

Ahead of Wednesday’s public listing, Groww reverses active investor decline after 9 months

The Rs 6,632-crore initial public offering (IPO) received strong investor response, subscribing 17.60 times overall. The company raised Rs 2,984 crore from anchor investors

Putting most digital payments through single rail could pose systemic risks, Mastercard’s Gautam Aggarwal

RBI is probably the most advanced regulator, primarily because we have found that right balance of data sovereignty, nationalist pride, still allowing international players to co-exist, he adds

Fintech firm Slice Small Finance Bank enters merchant payments and lending to take on Paytm, PhonePe

The fintech holds a slight advantage over its competitors as it is a bank that can take deposits from the public, and hence the cost of funds is lower for the company and boosting the margins