Category: Technology
Indian parliamentary panel red-flags PhonePe and Google Pay cornering 83% of India’s UPI payments
An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and [more…]
Here are the fintech startups that could go public in 2024
Could 2024 be the year for fintech IPOs? Quite possibly, according to F-Prime Capital’s State of Fintech 2024 report. F-Prime — a VC firm with [more…]
PayPal suggests it will be ready to offer ‘offline’ payments when DMA goes into effect
PayPal is working on a new consumer app for its mobile customers, and suggested that it will be “ready” to take advantage of the new [more…]
Plaid’s new president hails from Cloudflare, has IPO experience
Plaid has named Jennifer (Jen) Taylor, who most recently served as Cloudflare’s Chief Product Officer, as its first president. The move is notable in that [more…]
Indian central bank defends ‘proportionate’ action on Paytm
India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its first comment after a clampdown [more…]
SUMA Wealth grabs $2.2M as its financial platforms reach 1M users
SUMA Wealth’s platforms have seen 62% annual user growth, while revenue increased nearly five times in the past year. © 2024 TechCrunch. All rights reserved. [more…]
Finally, now with $10M, adds AI for better insight into small business accounting
In the last year, the company introduced an artificial intelligence-powered ledger, offered business banking functions and built a new version of its bookkeeping app. © [more…]
CRED to acquire mutual fund startup Kuvera in wealth management push
Indian fintech startup CRED has reached an agreement to buy mutual fund and stock investment platform Kuvera as part of an expansion into wealth management. [more…]
Jio Financial says not in talks to acquire Paytm’s wallet business
Reliance Industries-spin off Jio Financial Services said Monday evening that it is not negotiating with Paytm to acquire its wallet business, quashing “speculative” media reports [more…]
India’s Paytm is in flux
Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the [more…]
