Page 81 - Pine Labs News Today

Airtel Digital to buy 10% in Tata Groups Ferbine for bigger finance play SECTIONS Share Synopsis Airtel, which already runs a payments bank and hopes to become a small finance bank in future, expects the transaction to buy stake in Ferbine to be completed on or before March 5, 2021. Reuters Bharti Airtel’s wholly-owned subsidiary Airtel Digital Ltd. has agreed to buy 10% in Tata Group’s Ferbine Private Ltd, for Rs50,000 cash as the telco joins the race to own a stake in the pan-India umbrel...

Regulating the financial sector - a challenge for the sector, but must for consumer confidence SECTIONS Last Updated: Feb 26, 2021, 04:33 PM IST Share Synopsis Panellists at the ET India Inc Boardroom emphasised the need for banks to invest in digital technology to bring down costs, and drive better delivery. ET Online Banks, NBFCs, asset management companies and insurance providers have, for long, dominated the narrative when it comes to the financial sector in India. However, as the BSE Sensi...

Pravin Jadhav’s startup Raise Financial raises fund from Mirae, unicorn founders The company will utilise a large portion of this investment in setting up its teams, technology and infrastructure to launch its first product in this calendar year. Photo: Mint 1 min read Share Via Read Full Story Bengaluru: Former Paytm Money chief executive, Pravin Jadhav’s new startup Raise Financial has raised a seed round from Mirae Asset Venture Investments, as well as from a group of prominent unicorn f...

Fintech players get $2.7 billion from VC funds in 2020: Report Payments remained the hottest area of investment, followed by tech-driven insurance firms and tech-driven wealth managers, the report said.Premium 1 min read . Updated: 25 Feb 2021, 03:27 PM IST PTI The biggest investments were into Bengaluru-based payments firm Navi Technologies at $397.9 million from angel funds, Noida-based Pine Labs attracted $300 million from private equity players, and Razorpay received $100 million from GIC...

India attracted $2.7 billion in fintech investment in 2020: KPMG February 25, 2021 ‘Payments remained the hottest area of investment, followed by insurtech and wealthtech’ India attracted $2.7 billion in fintech investment in 2020, the second-highest amount ever after 2019’s record $3.5 billion, according to the Pulse of Fintech H2’20, a bi-annual report on global fintech investment trends published by KPMG. While the majority of fintech investment was seen early on in the year, mercha...

Former top Paytm exec is building his own financial services startup The executive who built the financial services boutique for Paytm, India’s most valuable startup, is ready to do something similar all over again. Pravin Jadhav, the former chief executive of Paytm Money, revealed on Thursday his own startup, Raise Financial Services. This time, Jadhav — under whose leadership Paytm had amassed more than 6 million Money customers — is focusing on serving a different set of the population...

Amazon, ICICI Bank And Axis Bank To Set Up New Entity To Rival UPI Payment System: Report by Swarajya Staff - Feb 25, 2021 06:47 AM The Unified Payments Interface (UPI) channel has been reported to have grown the fastest among all modes of retail digital payments In a major development which could rejig the digital payment ecosystem in the nation, e-commerce major Amazon, ICICI Bank and Axis Bank have come together to float an alternative to NPCI (National Payments Corporation of India), which...

BharatPe loan-book crosses ₹1,000 cr; targets ₹1,250 cr disbursal by Mar BharatPe offers loans in the range of ₹20,000 to ₹7 lakh, for up to 12 months 3 min read . Updated: 25 Feb 2021, 09:13 PM IST PTI The companys monthly disbursal has been consistently clipping at ₹200 crore, helping it grow over 10 times so far this year All its loans are unsecured, but it will be launching a secured lending product shortly, Suhail Sameer, group president at BharatPe said Share Via Read Ful...

ETtech Morning Dispatch on Feb 24, 2021: Grofers is getting SPACed, Amazon readies NPCI rival Want this newsletter delievered to your inbox? SUBSCRIBE Well soon meet in your inbox. / Newsletters Good morning, It seems SPACs are everywhere these days. Grofers, the online grocery startup, is looking at going public in the US by merging with a blank-check company—aka a SPAC—floated by Cantor Fitzgerald, an investment bank and financial services company headquartered in New York. In other news...

Asian equities opened lower on Wednesday on concerns about rising interest rates and rich equity valuations and following a downdraft in US and European overnight trading.