Lendingkart announces three key leadership appointments
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Sundar Gosakan joins Lendingkart as the chief risk and credit officer, Vikram Duggal as senior vice president-data science, and Kinjal Saxena as vice president-product
ET Online
(Illustration: Rahul Awasthi/ETtech)
Bengaluru:Lendingkart Technologies has announced three leadership appointments to strengthen its product, data science, credit and risk functions.
Sundar Gosakan will join the fintech startup as the chief risk and credit officer, Vikram Duggal as senior vice president-data science, and Kinjal Saxena as vice president-product, according to a statement issued on Monday.
“I am excited to have Sundar, Vikram and Kinjal joining Lendingkart for contributing towards our objective of empowering MSMEs in the country,” said Harshvardhan Lunia, co-founder and MD at Lendingkart. “We are also maximising our potential by strengthening our leadership and building a compelling team who will supp
Small Business Loan Market Bigger Than Expected | Wells Fargo & Company (US), MUFG Bank Ltd (Japan), The Japan Post Bank Co , Ltd (Japan)
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Investment bank FT Partners and private equity firm Bregal Sagemount are seeking to raise $400 million through a blank-check company.
The partners intend to take a financial technology, software, or other tech company public.
FT Partners has advised on four fintech SPACs, including one that closed in late December.
One of the leading financial technology-focused boutique investment banks is raising its own blank-check company after advising on several such deals.
San Francisco-based FT Partners is teaming up with New York-based private equity firm Bregal Sagemount to launch Independence Holdings, a special purpose acquisition company.
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The Enforcement Directorate and CIDs have launched probe against more than two dozen China-backed loan apps and directed Paytm and Razorpay to stop processing their transactions and payments.
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Mumbai: The Enforcement Directorate (ED) and Criminal Investigation Departments (CID) of various state police forces are set to launch probes against more than two dozen China-backed fintech lenders, such as SnapIt Loan, Bubble loan, Go Cash and Flip Cash, having directed payment gateways to stop processing their transactions and payments, multiple people aware of the developments told ET.
The ED and CID units have written to payment gateways, including Razorpay that clears a bulk of these transactions, to stop their dealings with such companies. A similar communication has also gone to Paytm, one of the sources cited above said.
Zerodha CEO bats for more fintech in India s mutual fund space
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The problem with India s mutual fund industry is that it s very complex for retail investors. Fintech startups can change that, Zerodha CEO Nithin Kamath says.
ETMarkets.com
With over four million traders, Zerodha is the largest retail broking platform in India. Nithin Kamath, founder and CEO, in an interview to Ashwin Manikandan, talks about sustainable innovation, growth and ambitions. Edited excerpts:
What is the long-term innovation that you’re aiming to achieve at Zerodha?
In the long term, the aim is to use our financial services skills to, perhaps one day, create a completely digital green asset. For instance, like we have the Bitcoin that derives its value from a set of complex mathematical solutions, a green asset can be backed by an indestructible environment-friendly capital in the future. This will, of course, be a non-profit idea which will enable something that is sustainabl
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