Fintech

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…

CredAvenue Enters Unicorn Club After Raising $137 Million

CredAvenue Enters Unicorn Club After Raising $137 Million

CredAvenue, an online debt marketplace, has become another Unicorn of 2022 after raising $137 million in a Series B funding round. The company said that ━ it is now valued at $1.3 billion, more than tripling its valuation in just six months, making it India’s fastest fintech unicorn.  The funding was led by New York-based…

“Digital Money Will Bring New Opportunities”─ Says PM Modi

“Digital Money Will Bring New Opportunities”─ Says PM Modi

PM Modi on Wednesday said that Digital Money would Make Online Payments More Secure and Risk-free and Boost Digital Economy in the Coming Years.  Prime Minister Narendra Modi on Wednesday made a strong pitch on digital currency launched by RBI. According to PM, the digital rupee, proposed in the Union Budget 2022-23, can be exchanged…

Geetika Mehta, New Chief Human Resource Officer at ZebPay

Geetika Mehta, New Chief Human Resource Officer at ZebPay

ZebPay, a crypto asset exchange, announced hiring Geetika Mehta as a chief human resource officer (CHRO) on Monday. Before this, she was the Chief People Officer at Jubilant Industries and has played leadership roles in OYO, PUMA, Urban, and Ladder.    Here, at ZebPay, she will be responsible for designing and implementing people strategy, cultural transformation,…

Indian Fintech Firm Razorpay Raises $375 Million; Valuation Gets Double

Indian Fintech Firm Razorpay Raises $375 Million; Valuation Gets Double

Indian fintech giant Razorpay has doubled its valuation from $3 billion in April to $7.5 billion to become India’s fastest-growing fintech firm. It raised $375 million in the first round of its series F funding, co-sponsor by hedge and private equity firms Lone Pine Capital, Alkeon Capital, and TCV. With this fundraise, the company’s value…

Mutual Fund SIP Contributes to Set a New Record In August

Mutual Fund SIP Contributes to Set a New Record In August

The investment in the mutual fund continued to surge in August, shows data released from the Association of Mutual funds in India (AMFI).  With monthly SIP contributions rising to Rs. 9,923 crore, new SIP registration now reached 25 lakh, the highest number ever. The number of registrations last month was nearly 2.5 times higher than…