fintech

November 9, 2024 5:08 PM

Indian startups raise over $138 million this week

The Indian startup ecosystem raised over $138 million this week, encompassing three growth-stage fundings and 20 early-stage deals. At least 25 domestic startups raised a combined $138.7 million in funding, with fintech and deeptech startups leading the rounds, raising $50 million across two deals. Fintech startup Easy Home Finance secured $35 million in its Series B funding round, led by Claypond Capital and Sumitomo Mitsui Banking Corporation’s Asia Rising Fund. "This funding will propel ...

May 29, 2024 11:47 AM

RBI unveils PRAVAAH portal, retail direct app, and fintech repository for enhanced public access

The Reserve Bank of India has launched three major initiatives - the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository - aimed at enhancing public access to the central bank and facilitating regulatory approvals and transactions. The PRAVAAH (Platform for Regulatory Application, Validation, and Authorisation) portal is a secure and centralized web-based platform for individuals and entities to apply online for various regulatory approvals from the RBI. The portal streamlines...

September 16, 2024 5:03 PM

Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bln deal

Private equity firm Advent International has agreed to buy Canada's Nuvei NVEI.TO in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 billion. The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange. The buyout of Nuvei, which has a market capitalization of nearly $4.42 billion, would make it one of the more sizable take-private deals at a time ...