Author: nripn

Mumbai: India’s first recognised self-regulatory organisation for fintech companies will set up an enforcement committee to investigate malpractices, its chief executive said in an interview. It will also sign bilateral agreements with its members as it seeks to expand its membership base. “SRO recognition is the highest accolade an association can aspire to receive,” said Sugandh Saxena, CEO of the Fintech Association for Consumer Empowerment or FACE, adding that the recognition was a huge responsibility and will be an ongoing and complex task, given the scale, diversity and speed of change among fintechs. According to Saxena, if there is clear…

SUMMARY Indian fintech startups have seen a staggering 500 per cent growth in the last 10 years, with the local fintech ecosystem attracting investments of over $31 billion, Prime Minister Modi said. In its efforts to boost the fintech sector, the Centre is making all necessary changes at the policy level, the Prime Minister said, citing examples such as the abolition of the Angel tax and the implementation of the Digital Personal Data Protection Act. India’s growing fintech market is expected to become a $2.1 trillion opportunity by 2030, according to data from Inc42 Indian fintech startups have witnessed a…

Tech Funding NewsFintech Startup NALA Raises $40M for Faster, Safer Cross-Border PaymentsFintech startup NALA has raised $40 million in Series A funding led by Lauren Kolodny of Acrew Capital. July 9, 2024

The shooting of the upcoming action-thriller film Deva, starring Shahid Kapoor and Pooja Hegde, has officially wrapped. Directed by renowned Malayalam filmmaker Rosshan Andrews and produced by Siddharth Roy Kapur, Deva promises an exciting and thrilling cinematic experience. The announcement of the film wrapping up has created a major buzz among the fans.Roy Kapur Films, the production house of upcoming film Deva, shared pictures from the wrap-up celebration on Instagram. The cast and crew, including Shahid Kapoor, Pooja Hegde and the rest of the team, were seen celebrating by cutting two big cakes.The caption of the post read: “And it’s…

Are you a technology-driven startup looking to leverage innovations in the financial services sector to solve Africa’s most complex development challenges? Do you have a scalable solution with a defensible position and a clear monetization strategy? Then Timbuktoo’s Fintech startup acceleration program is for you!PreviewThe Timbuktoo Fintech Startup Accelerator Program is a pan-African initiative of the Timbuktoo Fintech Hub in Lagos, Nigeria, which supports startups that:Deploying technology solutions in the financial services sector: These are startups that have a technology solution at their core, using digital tools and platforms to drive innovation and efficiency in the financial sector.Contribute to the…

Coast, a startup that describes itself as “a financial services platform for the future of transportation,” has raised $40 million in Series B funding, just four months after announcing $25 million a venture capital round and $67 million in debt financing, the startup told TechCrunch exclusively. Back-to-back fundraising rounds were common before and during the wild investing days of 2021, but they’ve become much rarer since the VC market slowed in 2022. That’s why Coast’s latest round is notable. Based in New York Side Coast compares itself to companies like Ramp and Brex in that it developed expense management software…

Open banking platform Tarabut to ‘revolutionise’ payments in MENA after acquiring UK fintech Vyne, CEO says RIYADH: Open banking platform Tarabut will integrate advanced technology from recently acquired payments company Vyne, bringing greater efficiency to the region, according to the company’s CEO. In an interview with Arab News, Abdulla Al-Moayed highlighted the transformative impact that Vyne’s account-to-account payment technology will have on the Middle East’s financial landscape, particularly in Saudi Arabia. “Vyne’s account-to-account payments technology brings a level of depth and efficiency to the region unmatched by anything currently available,” he said. “By enabling faster transactions and offering a complete…

Bitcoin.com NewsSouth African Fintech Firm Raises $7.5M to Expand Financial InclusionSouth African fintech startup Omnisient has secured a $7.5 million Series A investment from Arise to support its mission to improve…5 days ago

Free NewsletterGet the latest Swiss Fintech news delivered to your inbox once a monthCommerzbank’s Sustainable Finance Accelerator Program in collaboration with Tenacity and neosfer have selected their first 10 sustainable finance startups. With Pelt8A Swiss start-up was also selected.This initiative aims to evaluate and accelerate a potential collaboration with Commerzbank through an organized and efficient process in Frankfurt.The selected startups represent a wide range of innovative approaches. Each of them brings a unique solution in various areas of sustainability such as biodiversity and climate data, property management and renovation, supplier management and enterprise mobility. Bettina StorckBettina Storck, Director of Group…

By Pavel Chynkarenko The fintech industry recorded its best year ever in terms of investment value in 2021, but the market has been much more difficult for two years. Fintech startups have had to adapt to this new reality, where explosive growth is no longer the priority, and companies that cannot demonstrate a clear path to profitability struggle to raise follow-on funding. That doesn’t mean it’s impossible to launch a new fintech business. It just means the rules have changed. Here are five reasons why the landscape has become more complex. Decrease in investment volume due to changing trends According…