Stay updated with breaking news from Fintech Startup. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Karnataka is working on a fintech startup program aimed at uniting the government, venture capital and the banking sector to offer essential funding and mentorship support, IT/BT Minister Priyank Kharge said on Wednesday.
Khatabook -- valued at $600 million (about Rs 4,500 crore) after its previous funding round -- is backed by Sequoia Capital (now PeakXV Partners), Tencent, Tribe Capital, and Moore Strategic Ventures, among others.
It has a lower threshold for entry but the rewards are unattractive and charges for re-issue of cards is very high.
Seven years after helping businesses solve the pain points of cross-border payments, Thunes now has bigger ambitions — to disrupt the dominance of SWIFT, the world’s dominant international financial network.
On Wednesday, the company laid off another 18 employees across growth, engineering, product and design functions, cofounder Sambhav Jain said in a post on microblogging platform X.