Fintech driving growth for MSMEs and merchants, says FM Sitharaman

May 27, 2025 4:39 PM

Fintech driving growth for MSMEs and merchants, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday said that India’s fintech companies are playing a crucial role in expanding the country’s Digital Public Infrastructure (DPI) and empowering merchants as well as micro, small, and medium enterprises (MSMEs). The Finance Minister visited the office of Pine Labs, a digital fintech company based in Noida, and interacted with its employees and staff members. She acknowledged “India’s fintech firms’ contribution to expanding the country...

Indian startups raise over $138 million this week

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 ...

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

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...

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

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 ...