Fintech
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India Secures 3rd Place in Global Fintech Funding for First Half of 2024
In 2024, one unicorn, Perfios, emerged, flanked by six acquisitions and five initial public offerings in the space of Fintech from January to June alone.
India's Fintech Sector Surges with Impressive 59% Growth in Q1 2024
The total funding infusion into the fintech arena saw a remarkable surge of 59 percent in Q1 2024 when juxtaposed with Q4 2023, underscoring the resilience of India's fintech domain amidst a dynamically evolving economic milieu.
Global mobility fintech startup Moove raises $10 mn to expand India footprint
According to a statement released by the startup, this funding round aims to leverage the momentum gained by completing over 4.2 million trips, a feat that has had a substantial impact on India's mobility landscape.
Paymart, Fintech Startup, Teams Up with 5 Banks to Introduce 'Virtual ATM'
Additionally, Paymart is actively engaged in discussions with four more banks for potential collaboration, aiming to broaden its network and enhance accessibility for customers.
Juspay Announces Acquisition of LotusPay in Cash Transaction
According to the company, this acquisition will bolster its offerings in the BFSI segment and among merchants, with a specific emphasis on enhancing its recurring payment capabilities.
Incredible Growth: Fintech Unicorn Incred Records Rs 109 Cr Profit in FY23, Revenue Surges Over 77%
The financials filed with the Registrar of Companies (RoC) reveal that Incred's revenue witnessed a remarkable surge of 77.46%, reaching Rs 866 crore in FY23, compared to Rs 488 crore in FY22.
BharatPe Records Impressive Growth: 182% Revenue Surge in FY23, EBITDA Loss Reduced by Rs 158 Crore
The company's progress is evident in the significant improvement in the loss before tax, which decreased from Rs 5,594 crore to Rs 886 crore. The merchant lending division played a pivotal role in this growth, witnessing a remarkable 129% increase in loans facilitated, reaching Rs 5,339 crore.
SCOPE Ventures into Investment: Unveils $45 Million VC Fund for Fintech and Gaming Startups
Operating as an independent entity, SCOPE's VC arm aims to identify, nurture, and accelerate groundbreaking startups demonstrating exceptional promise and disruptive potential within the fintech and gaming realms.
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