UK regtech Facctum appoints two senior executives
Onkar Inamdar joins as head of engineering and Syam Chintapenta as chief development officer.
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Onkar Inamdar joins as head of engineering and Syam Chintapenta as chief development officer.
Open says the cuts were based on employee performance.
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
PhonePe has received the new funding from returning investor General Atlantic.
The agreement marks Navan’s fifth acquisition in the last two years.
Also taking part in the round was existing investor Sumitomo Mitsui Trust Bank.
PhonePe was in talks to acquire ZestMoney for around $200 million to $300 million according to reports.
The latest funding follows the company’s $270 million Series C round held in June last year.
The fresh funding forms part of PhonePe’s ongoing fundraise of up to $1 billion in capital.
The central banks will conduct joint proof of concept and pilots of bilateral CBDC cross-border transactions.
With the new funds, Apexx Global plans to expand further across North America.
The central bank claims Amazon Pay India didn’t comply with “certain provisions” of KYC and PPI directions.
Thought Machine intends to hire across India, Japan and South Africa for the first time.
Panamax’s CEO says the acquisition of India-based Acute is a “strategic move to expand our horizons”.
Sources tell CNBC-TV18 that Paytm didn’t want to give up management control.
PayPal Ventures led the funding round, with new and existing investors also participating.
The MAS and RBI will use a scalable cloud-based infrastructure to manage future increases in remittance volumes.
The Indian bank will deploy M2P’s Turing CBS offering.
FinTech Futures sits down for a chat with Mayank Goyal, founder and CEO of moneyHOP.
The new capital infusion follows a $350 million fundraise from General Atlantic last month.
The banking tech vendor also signed licence fees of $27.5 million in the latest quarter.
PhonePe expects to raise a total of $1 billion in funding, with other firms set to invest next month.
The government hopes its plan will facilitate the development of “a robust digital payment ecosystem”.
FinTech Futures chats with Pushkar Mukewar, founder and CEO of Indian fintech Drip Capital.
Ramani says he is joining Tide at a “critical juncture in its plans to globalise”.
Axis Bank says its new product will help save customers time and effort with a fully digital authentication process.
Jupiter says the funds will go towards scaling up the neobank’s suite of lending products.
The news follows KreditBee’s $80 million fundraise as part of its Series D funding round last month.
In a statement, BharatPe says that Sameer will “transition” from CEO to strategic advisor on 7 January 2023.
Founded in 2018, SarvaGram last raised $10 million in a Series B funding round in 2021.
The round was led by Apis Partners, and saw participation from Tiger Global, Winter Capital and Evolvence.
JP Morgan is aiming to enhance digital transactions for its corporate clients in APAC and Europe.
KreditBee says it will use the fresh funds to diversify its product offering and strengthen its tech stack.
Following the acquisition, Cred and CreditVidya will continue to operate independently.
Open CEO Anish Achuthan says the platform will democratise fintech and “redefine” the Indian business landscape.
The integration will provide a fully digital checkout experience for Indian students to make transactions.
The money will go towards Lentra’s international expansion and acquisitions.
Mehta will lead channel development, expense management and revenue planning for the company.
The use case of this pilot is the “settlement of secondary market transactions in government securities”, RBI says.
The two firms have worked together, leveraging Finastra’s Unified Corporate Portal solution, since October 2021.