Author: nripn

India’s financial sector is growing rapidly, with fintech startups increasing five-fold in the last three years, according to a report. The growth has increased from 2,100 in 2021 to 10,500 by 2024. JM Financial said in a report: “Currently, India has 26 fintech unicorns with a combined market value estimated at $90 billion.” India has one fintech decacorn (valued at over $10 billion) and 25 unicorns, whose valuations range from $1 billion to $10 billion, and 37 minicorns, whose valuations range from $100 million to $1 billion. There are 87 Soonircorn fintech startups in the country, with valuations ranging from…

Invest4Edu, a Mumbai-based ed-fintech startup that offers education planning, savings and investment services, has raised $3 million in seed funding funding round led by leading family offices. The startup plans to use the funds raised to accelerate its growth and deepen its impact in early education planning and financial support. Earlier this year, Invest4Edu added Hemika Tanwar and Chintan Kotak as co-founders. Strengthen sales and marketing programs Invest4Eduwhich operates in the B2C and B2B2C segments, is also working on strengthening its sales and marketing, technology and awareness programs. The startup aims to leverage these resources to significantly increase its reach,…

Flex works like Stripe for the HSA/FSA payments ecosystem, enabling brands to tap into $150 billion in potential annual HSA/FSA spendFlex, a Fintech start-upFlex offers the easiest way for direct-to-consumer health and wellness brands to start accepting HSA and FSA payments onlineSAN FRANCISCO, September 4, 2024 (GLOBE NEWSWIRE) — FlexFlex, which offers direct-to-consumer health and wellness brands the easiest way to accept HSA and FSA payments online, today announced that it has raised $3.2 million from Y Combinator, SV Angel, Precursor, Liquid 2 Ventures and others. Flex will use the funding to accelerate product development, sales and marketing, and capitalize…

The recent buzz around an Ethereum ETF has not only driven up the price of Ethereum, but also shed light Solana as a potential ETF favorite. After a month of corrections, Solana surged today, reaching $187 before a slight decline.Is Solana Preparing for a Remarkable Breakthrough?Solana – Aiming for new heights!Renowned cryptocurrency analyst Altcoin Sherpa recently shared insights into Solana’s (SOL) journey toward the $200 mark, as well as speculative thoughts on its future trajectory.According to Sherpa’s analysis, SOL’s chart is showing promising signs. A recent slight decline suggests a potential setup for another short-term rally, with a rebound in…

Worldline Shares of the company soared last week on rumors it could be the target of an acquisition. As noted by Seeking Alpha on Friday (November 24), the French payments company increased by 5% Sources told this site that one of Europe’s largest private equity firms is considering buying Worldline. A Worldline spokesperson told PYMNTS the company does not comment on market rumors. The news comes a month after Worldline’s shares were announced reached a record level following the company’s announcement that it was cutting its sales forecast. Worldline expects organic revenue growth of 6-7%, down from a previous forecast…

Financial Markets Regulator Securities and Exchange Commission of India (Sebi) has issued a circular to extend the implementation period of the rule for large companies in terms of verification of market rumorsListed entities were divided into two broad categories: the top 100 and the top 250 by market capitalization.The regulator ordered the top 100 listed entities by market capitalization, and then the top 250 listed entities, to verify and confirm, deny or clarify market rumors on a mandatory basis.Previously, Sebi had ordered on The top 100 listed companies will have to implement the provision by February 1, 2024 and the…

Securities and Exchange Board of India (Sebi) on Friday approved a pilot project on T+0 settlement while easing disclosure requirements for foreign portfolio investors (FPIs). walk The watchdog also made several decisions aimed at making it easier to do business in the country’s financial markets, including amendments regarding initial public offerings (IPOs) and combating market rumors. Here are 10 key takeaways from its board: 1) T+0 settlementSebi moved closer to implementing T+0 Regulation as the Board approved launching a beta version of the optional T+0 Regulation for only 25 scrips with a limited set of brokersThe market regulator will continue…

Melio raised $250 million at a $4 billion valuation in September 2021UPDATE (November 9, 2023, 11:00 a.m. Eastern Standard Time):Bill Holdings issued a statement denying Bloomberg’s report of a deal to acquire Melio. “A news agency has published a story about a rumored acquisition between BILL and another company. While it is BILL’s general policy not to comment on market rumors or media speculation, BILL is not pursuing such an acquisition at this time,” the company said in the statement.Bloomberg News reported earlier today that Israeli fintech unicorn Melio is set to be acquired by software services provider Bill Holdings.…

Ethereum is attracting the attention of cryptocurrency traders, triggering a significant shift in market dynamics. Anticipation surrounding the potential approval of the first-ever Ethereum spot exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC) is fueling an increase in market activity.The increase comes on the heels of Ethereum’s sharp price rise to $3,759, marking a 2.5% increase and pushing its market cap to an impressive $451 billion.Ethereum Futures SurgeA recent report from market intelligence platform Santiment indicates a massive surge in Ethereum futures, with open interest reaching $15.5 billion on Tuesday. The surge is in line with rumors that…

PaytmShares of Paytm Payments Bank Ltd. fell for a third straight day as India’s central bank considers revoking Paytm Payments Bank Ltd.’s license, adding to the once-popular fintech startup’s growing woes.India’s banking regulator is considering revoking its license after finding multiple lapses at Paytm Payments Bank, including multiple transactions beyond regulatory limits, raising money laundering concerns, Bloomberg News reported last week. The regulator has already ordered The bank has had to suspend much of its operations, which could affect the prospects of the digital payments pioneer.