Author: nripn

Kiwi Fintech Startup Reports Significant Financial Loss in FY25 The Kiwi fintech startup has reported a staggering net loss for the financial year ending March 2025 (FY25), which surged by 158.8% to INR 64.2 Cr, compared to INR 24.8 Cr in the previous financial year. This dramatic increase in losses is primarily attributed to skyrocketing expenses, while revenue remained largely unchanged. Stagnant Revenue Amid Rising Costs During FY25, Kiwi’s operating revenue recorded a slight increase, reaching INR 3.8 Cr, up from INR 3.6 Cr in FY24. The startup also generated an additional INR 5.8 Cr in other income, bringing its…

Waton Financial Unveils AI Trading App: TradingWTF Waton Financial Limited has officially introduced TradingWTF, an innovative trading application designed to leverage artificial intelligence for making investment decisions and executing trades autonomously. This groundbreaking app aims to transform the trading landscape by removing the need for human intervention. Wall Street Trading under the Symbol WTF The company trades on Wall Street under the memorable ticker symbol WTF, a representation that humorously reflects the astonishment of investors when viewing the performance of a stock that is currently testing its historic lows. A Sophisticated AI Trading Platform TradingWTF operates on a cutting-edge platform…

AxiTrust Secures INR 23.5 Crore Seed Funding to Innovate Surety Bonds Gurugram-based fintech startup AxiTrust has raised significant capital to redefine the financial landscape. Funding Details AxiTrust has successfully raised INR 23.5 crore in a seed funding round. The investment was led by General Catalyst, with substantial participation from Atrium Angels, YAN Network, Supermorpheous, and various angel investors. This influx of capital is poised to accelerate AxiTrust’s growth and product development. Purpose of the Funding The funds will primarily be allocated towards developing digital infrastructure aimed at promoting the widespread adoption of surety bonds in key sectors including banking, insurance,…

AxiTrust Secures ₹23.5 Crore in Seed Funding to Revolutionize Surety Bonds in India Fintech startup AxiTrust has successfully raised ₹23.5 crore in a seed funding round, with General Catalyst at the helm of the investment. The funding was further bolstered by contributions from various investors and angel networks, including Atrium Angels, YAN Network, and Supermorpheous. This capital injection will be utilized to develop a robust digital infrastructure aimed at facilitating the widespread adoption of surety bonds throughout India’s banking, insurance, and procurement sectors, as stated in a recent press release from AxiTrust. Transforming the Surety Bond Landscape AxiTrust was co-founded…

axiTrust Secures ₹23.5 Crores in Seed Funding to Revolutionize Surety Bonds Funding Overview Fintech startup axiTrust has successfully raised ₹23.5 Crores (approximately $2.6 million) in a seed funding round led by General Catalyst. The funding round also saw participation from notable investors, including Atrium Angels, YAN Network, and Supermorpheous. Vision for Digital Infrastructure axiTrust is on a mission to build a robust digital infrastructure aimed at accelerating the use of surety bonds in India’s banking, insurance, and procurement sectors. This innovative approach is designed to modernize the way surety bonds are issued and managed, making them more accessible and user-friendly.…

Best Practices for Using AI in Financial Planning The Role of AI in Financial Planning Artificial Intelligence (AI) is revolutionizing the financial planning landscape, offering innovative solutions that enhance decision-making processes. Financial institutions are increasingly leveraging AI technology to analyze vast amounts of data quickly, providing insights that help both advisors and clients achieve their financial goals more efficiently. Benefits of AI in Financial Strategy One significant advantage of employing AI in financial planning is its ability to identify patterns and trends in data that would be difficult for humans to discern. This capability allows for personalized investment strategies and…

The SEC’s Upcoming Meeting: Key Topics in Stock Tokenization and AI in Finance The SEC is gearing up for an important meeting on December 4, centered around two trending subjects: stock tokenization and the influence of artificial intelligence (AI) on the finance sector. These topics are gaining traction worldwide, with Australia emerging as a significant player in fintech innovation. As the SEC deliberates these issues, investors are eager to understand how these developments could shape corporate governance and financial landscapes. What is Stock Tokenization? Stock tokenization refers to the transformation of a company’s ownership rights into digital tokens on a…

Best Practices for Using AI in Financial Planning The Rise of AI in Financial Planning Artificial intelligence (AI) is revolutionizing various industries, and financial planning is no exception. With its ability to process vast amounts of data quickly, AI is helping financial planners deliver better insights and strategies. This paradigm shift is not just about automation; it’s about enhancing decision-making processes, streamlining operations, and ultimately providing superior client service. Understanding the Benefits of AI AI can offer numerous advantages in financial planning, such as improved accuracy in forecasting, enhanced risk assessment, and more personalized services. By utilizing machine learning algorithms,…

AxiTrust Secures INR 23.5 Crore to Revolutionize Surety Bonds in India You are reading Entrepreneur India, an international franchise of Entrepreneur Media. Introduction to AxiTrust In a significant development for the Indian fintech landscape, AxiTrust, a Gurugram-based startup, has successfully raised INR 23.5 crore in seed funding. This funding round was led by General Catalyst, with noteworthy participation from Atrium Angels, YAN Network, Supermorpheous, and various angel investors. Focus on Surety Bonds AxiTrust’s primary aim is to build a robust digital infrastructure that promotes the widespread adoption of surety bonds within India’s banking, insurance, and procurement sectors. By simplifying the…

Bloomberg Terminal Unleashes Advanced AI Tools for Financial Insights Bloomberg has announced an exciting expansion of its generative AI tools, specifically designed to enhance financial news content accessibility for Bloomberg Terminal users. This innovation aims to enable professionals in finance and investment to rapidly absorb actionable insights and analyze market-moving headlines. This initiative follows the recent introduction of Document search and analysis. It’s part of Bloomberg’s broader commitment to modernize the Bloomberg Terminal for the AI era, empowering financial professionals and business leaders to transform vast data into valuable alpha-generating insights. Revolutionizing Financial News Analysis with AI The newly launched…