Author: nripn

BASIC Home Loan, a Gurugram-based fintech startup, recently raised Rs 87.5 crore (or $10.6 million) in a Series B round. funding round led by Bertelsmann India Investments (BII) and UAE-based CE-Ventures, the venture arm of Crescent Enterprises. The cycle also saw the participation of investorsincluding prominent equity investor Ashish Kacholia, Gruhas, Let’s Venture, 9Unicorns and Venture Catalysts. Dexter Capital served as exclusive advisor for the transaction. Before this round, the the startup raised $4.7 million in a pre-Series B funding round in June 2023 led by Ashish Kacholia What is the BASIC home loan used for? Founded in 2020 by…

FTX’s native cryptocurrency FTT saw a dramatic price increase, jumping over 70% to $2.70, its highest level since March 2024. This rally occurred as speculation spread on social media that FTX, currently in bankruptcy, would begin distributing funds to creditors and customers. FTT was trading around $1.40 for much of last month before the spike. However, it then fell to around $2.10, still up around 30% in the past 24 hours, according to CoinGecko data. The sudden bullish action in the TTF follows rumors that the FTX bankruptcy estate reimbursements would begin on September 30. However, official court documents from…

(Bloomberg) — California Gov. Gavin Newsom vetoed what would have become one of the most comprehensive policies governing the safety of artificial intelligence in the United States.Most read on BloombergThe bill would have been one of the first to hold AI developers accountable for any serious harm caused by their technologies. It drew sharp criticism from prominent Democrats and major tech companies, including ChatGPT creator OpenAI and venture capital firm Andreessen Horowitz, who warned it could block innovation in the State.Newsom called the legislation “well-intentioned” but said in a statement that it would have applied “high standards to even the…

After a drought of almost two years, the Indian startup ecosystem is showing signs of the arrival of funding spring. Total funding raised by local startups doubled year-over-year (YoY) to $3.4 billion in the third quarter (Q3) of calendar year 2024 (CY24). Indian startups raised around $1.7 billion in the corresponding period last year and nearly $3 billion in the third quarter of 2022. The total number of transactions increased to 262 in the September 2024 quarter, an increase of almost 28% from the 205 transactions completed in the third quarter of 2023. According to Inc42’s “Indian Tech Startup Funding…

Officially, eight non-public companies have reached a market capitalization of $1 trillion. These include the “Magnificent Seven” technology companies and, more recently, Berkshire Hathawaywhich just crossed the threshold at the beginning of the month. Among these companies, only Tesla and Berkshire Hathaway are currently below the $1 trillion threshold.Much of the wealth has been built by betting on Internet stocks and, at least in recent years, the growing demand for artificial intelligence (AI). A company with a market cap of just under $1 trillion is a huge beneficiary of AI, Nvidiathe country’s leading semiconductor supplier and the dominant player in…

KENNESAW, GA | October 1, 2024 Since graduating this spring, the first cohort of students in Kennesaw State University’s Master of Science in Digital Financial Technology program have thrived in Atlanta’s rapidly growing fintech sector. As Georgia’s first financial technology graduate degree, the online program has opened doors for students looking to advance their careers in the digital payments industry. For graduate Devendar Bukya, the MS-Fintech program was a game-changer. Bukya works as an SAP consultant in finance, treasury and control at The Principal Consulting and says MS-Fintech has improved the way he does his work. “The skills I learned,…

Lissele Pratt: Capitalixe Co-founder, helping businesses navigate payment and banking solutions, honored by Forbes 30 Under 30 Europe 2021. getty I felt outnumbered, overwhelmed, and patronized when I joined the fintech industry, but there are ways women can break that stubborn glass ceiling. I landed my first job in finance when I was just 18 years old, with no prior experience in the professional world, let alone in a big city like London. From my first day in the office, it became very clear to me that I was one of the only female employees on the team, a fact…

Light speed trading responded to media reports of a potential sale of the company, saying it periodically undertakes a strategic review of its operations and that it is does not intend to disclose further information unless required by its regulatory obligations. “While Lightspeed has a long-standing policy of not commenting on market rumors, the Company notes recent media reports regarding a potential transaction involving the Company,” Lightspeed said in a statement released Wednesday, September 25. press release. “Lightspeed periodically undertakes, and is currently conducting, a strategic review of its business and operations. with a view to achieving all its potential,”…

THE Reserve Bank of India recognized Financial Technology Association for consumer empowerment (FACE) like a Self-regulatory organization In FinTech sector (SRO-FT), he said Wednesday. THE RBI received three applications, including FACE, for SRO-FT. Of the two remaining applications, one application was returned with a provision to resubmit it after meeting certain requirements. The third request is currently being examined. Speaking to the media on the sidelines of the Global FinTech FestivalRBI Governor Shatikanta Das said the central bank would not just approve a single SRO and there would likely be two or three such organizations. Speaking earlier at the festival,…

A fintech startup isn’t looking to exit the Manhattan office market. Quite the contrary, in fact.Ramp has signed a deal with Williams Equities to expand by 66,000 square feet at 28-40 West 23rd Street, according to the Commercial Observer. reported. The startup is also moving from subletting to direct leasing on a separate floor, bringing the property’s total square footage to 132,000 square feet.The rent requested for the transaction was not disclosed. Asking rent in the broader Midtown South submarket was $84.50 per square foot in the second quarter, according to CBRE.All of Ramp’s space in the Flatiron District property…