fintech News

Amazon Expands Financial Services in India with $160 Million Acquisition of Fintech Startup Axio

Amazon is set to acquire Axio, a leading digital lending startup in India, for about $160 million. This strategic acquisition aims to enhance Amazon's financial services in India, ...

Groww Sets Sights on a Monumental $800 Million IPO: A New Era for Fintech?

Groww, a leading discount stock brokerage platform, is planning an $800 million IPO, aiming for a $6-8 billion valuation. This move comes amidst significant regulatory changes in I...

Razorpay Extends Rs 1 Lakh ESOPs to All 3,000 Employees

Razorpay announced it is extending employee stock options worth Rs 1 lakh to each of its over 3,000 staffers, reflecting the company's commitment to an employee-first ethos.

Razorpay's Bold Move: Relocating HQ and Eyeing $1 Billion Revenue by 2030

Razorpay, a Bengaluru-based fintech unicorn, plans to relocate its headquarters to India and go public by 2026, targeting $1 billion in revenue by 2030.

One MobiKwik Systems Ltd Sees Massive 90% Surge on Market Debut

One MobiKwik Systems Ltd, a fintech company, made a strong market debut with a 90% surge above its issue price. The IPO was subscribed 119.38 times, reflecting strong investor inte...

Navigating the New Frontier: Challenges in Digital Loans and Investments

RBI Deputy Governor Michael Patra discusses the challenges posed by the digitalisation of investments and credit, emphasizing the need for vigilance against household debt escalati...

MobiKwik IPO Sees Massive Investor Demand, Valuation Hits $4.7 Billion

MobiKwik's $67 million IPO attracted bids worth $4.7 billion, reflecting strong investor confidence in the fintech company's growth potential and anticipated listing gains within t...

Paytm Shares Surge to 52-Week High Following Stake Sale in PayPay Corporation

Shares of One97 Communication, operating under the Paytm brand, surged over 3% to reach a 52-week high of Rs 1,007 on both BSE and NSE following the company's decision to divest it...