Fintech

Flipkart Valuation Drops By $5 Billion In Past 2 Years

Flipkart Valuation Drops By $5 Billion In Past 2 Years

According to the equity transactions of its parent company, Walmart, one of India’s biggest e-commerce platforms, Flipkart, has lost around $5 billion in the last 2 years. The company’s valuation fell from $40 billion in 2022 to $35 billion in 2024.  Experts say the decline can be attributed to the demerger of fintech PhonePe, which…

Will Paytm Be Able To Survive The Recent Crisis?

Will Paytm Be Able To Survive The Recent Crisis?

Paytm has been going through a tough time after RBI instructed Fintech to seize its Paytm payment bank services indefinitely. Paytm’s market value has dropped a whopping $2.5 billion in the last few days. Now, there are talks that the Central Bank of India might cancel the licence of Paytm Payment Bank after the March…

The New CEO Of Kotak Mahindra Bank To Replace Uday Kotak

The New CEO Of Kotak Mahindra Bank To Replace Uday Kotak

The Succession of Kotak Mahindra Bank has been a hot topic for a long time now, but now it has been put to rest. The Reserve Bank Of India has appointed Ashok Vaswani as the new CEO of Kotak Mahindra Bank, replacing the billionaire founder Uday Kotak. Vaswani, the former Chief Digital Officer at Barclays…

The Glimpse Of Global Fintech Fest 2023- Day 1

The Glimpse Of Global Fintech Fest 2023- Day 1

The Global Fintech Fest 2023 was started yesterday in Mumbai and aims to act as a platform for the funding of $15-$20 million for the top fintech ventures. In this global fintech fest, more than 800 speakers and more than 50,000 delegates participated. On Tuesday, Union Finance Minister, Nirmala Sitharaman spoke at the Global Fintech…

The Evolving Role of Wealth Management in the Digital Future 

The Evolving Role of Wealth Management in the Digital Future 

As per the survey conducted by Wealth and Asset Management, 80% of modern investors prefer using mobile applications to monitor their investments and connect with advisors. And more than 40% of investors now demand digital access to their accounts. Modern-day technology fosters new capabilities via mobile interaction and plays a vital role in reshaping the…

BharatPe Appointed CRO, CBO and Consumer Lending Head

BharatPe Appointed CRO, CBO and Consumer Lending Head

Leading fintech firm, BharatPe, recently announced three significant appointments for mentorship, company growth, and success. On Monday, the company appointed Kohinoor Biswas as the head of Consumer Leading Business.  Biswas will take care of the entire PostPe operations, launched in 2021 with ‘Buy Now Pay Later’ (BNPL). He will report to Nalin Negi, the CFO…

An Additional USD 100 Million From General Atlantic For PhonePe

An Additional USD 100 Million From General Atlantic For PhonePe

Decacorn fintech PhonePe is conducting ongoing fundraising of USD 1 billion, which has raised USD 750 million by far. The latest investment in this series comes from General Atlantic, who just contributed USD 100 million to the fundraising. Walmart Group is now very close to completing its set goal. Notably, General Atlantic invested USD 350…

Navi Technologies Gets Approval From SEBI For IPO

Navi Technologies Gets Approval From SEBI For IPO

Sachin Bansal’s Navi technologies get the nod from the Security and Exchange Board Of India (SEBI) for an Initial Public Offering (IPO), providing the Flipkart co-founder with a boost as he works to create a financial services conglomerate.  Navi Technologies is a fintech company that submitted the draft papers to SEBI in March this year…

Most Valued Startups Of All Time Making Billions In Their Sector

Most Valued Startups Of All Time Making Billions In Their Sector

Many startups struggle to stay afloat in the competitive market, and most of them drown while settling on their feet. However, few startups manage to make it to the list of most valued startups of all time.  Are you curious to know the highest valued startups in the world to inspire you? Based on their…

RBI Discussing Digital Lending Guidelines With Industry Bodies

RBI Discussing Digital Lending Guidelines With Industry Bodies

The Reserve Bank of India is involved in discussions with digital lending and consumer associations as it is on the way to finalising the guidelines on digital lending. The RBI has held a meeting with the Digital Lenders Association on India (DLAI) and the Fintech Association for Consumers Empowerment (FACE) on this matter and there…

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