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Uniorbit Technologies, which was impacted by the Reserve Bank of India's order to stop linking credit lines to prepaid cards in June 2022, saw its revenue from operations growing to nearly Rs 34 crore in FY23.
Buy-now-pay-later startup Uni Cards has reportedly acquired OHMY Technologies (OMLP2P), a peer-to-peer lending platform.
OneCard’s net loss widened over 5.5X to INR 182.76 Cr in the financial year 2021-22 from INR 33.19 Cr in the previous fiscal year
Rundown of India’s policy decisions that kept many startups and the stakeholders of emerging sectors on their toes in 2022.
Uni said it is “proactively” suspending its Uni Pay 1/3rd Card and Uni Pay 1/2 Card in view of the RBI guidelines.