Page 82 - Pine Labs News Today

Along with ICICI Bank and Axis Bank, Amazon has also partnered with fintech startups Pine Labs and BillDesk to set a New Umbrella Entity (NUE) that will build a UPI-like settlement system in Indias digital payments space.

BharatPe gives 18 of its angels an exit with up to 80X returns The fintech startup says nine angel investors, including Kunal Shah, continue to hold stock worth Rs 107 crore, as per the latest Series D valuation. 0 claps Share on Fintech startup BharatPe has announced that 18 of its angel investors have exited the company after its Series D funding round. The angles have seen returns as high as 80X in two years. The statement said the company has already returned Rs 102 crore in cash to its s...

Amazon is joining hands with ICICI Bank and Axis Bank and several others to create a national payments network that will rival the NPCI's UPI platform

Along with ICICI Bank and Axis Bank, Amazon has also partnered with fintech startups Pine Labs and BillDesk to set a New Umbrella Entity (NUE) that will build a UPI-like settlement system in Indias digital payments space.

Share on The COVID-19 pandemic may have led to a negative impact on several sectors, including travel, hospitality, restaurants, and mobility, but there was a significantly positive effect on others such as edtech, agritech, e-grocery, and fintech.  InMobi subsidiary Glance became the latest addition to the coveted $1 billion+ valuation club in December, along with DailyHunts parent company VerSe Innovation, following investments of over $100 million by existing and new investors, including G...

‘Buy now pay later’ is big draw for India’s Gen Z Surabhi Mumbai | Updated on Players see multi-fold rise in usage from pre-Covid levels The use of the ‘buy now pay later’ (BNPL) facility, which allows customers to turn purchases into EMIs, is growing fast across the country as consumers find the instrument not only convenient but also affordable. Pine Labs, the country’s largest BNPL EMI platform, has seen 60-70 per cent greater demand compared to January 2020. Similarly, Zest...

Edtech startup Leverage Edu raises Rs 47 crore in Series A funding SECTIONS Last Updated: Feb 18, 2021, 06:53 PM IST Share Synopsis Leverage Edu will use the funding to accelerate expansion into newer markets, bring in more product innovation, and deepen its student-first approach. Agencies Leverage Edu helps students select a higher education programme based on mentoring workshops and apply to universities and colleges through its SaaS platform Univalley.com. College admissions platform Lever...

Bavadharini KS BL Research Bureau | Updated on February 03, 2021 Quality of tenants, high occupancy and long-term lease contracts are positives The IPO of Brookfield Real Estate Investment Trust (REIT) is open for subscription between February 3 and February 5 at the price band of ₹274-275. Backed by Canadian Asset Management Company, Brookfield, this REIT is the third to list in India and is expected to raise ₹3,800 crore as fresh issue. The amount is proposed to be utilised to bring down...

Budget 2021: Rs1,500 crore for digital payments industry to offset MDR losses SECTIONS Share Synopsis The finance minister had in Budget 2019 waived off merchant discount rates (MDR) on UPI and RuPay transactions, to give a fillip to digital payments. Getty Images Mumbai: India’s burgeoning digital payments industry received a budget boost from Finance Minister Nirmala Sitharaman by way of a Rs 1,500 crore fund earmarked for the growth of the sector and to “incentivise” businesses deployi...

After executing the memorandum of family arrangement (MFA) in Dece­mber, members of the $8.5-billion TVS group have decided to implement the family arrangement, inter alia, thro­ugh a composite scheme of amalgamation and arrangement to be filed with the National Company Law Tribunal (NCLT). On December 10, 2020, an MFA was executed among various mem­bers of the TVS family who are shareholders of T V Sundram Iyengar & Sons (TVSS), Sundaram Industries (SIPL) and Southern Roadways (SRW). The ...