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Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with bank accounts for customers who have undertaken certain verifications, days after the monetary authority signalled industry-wide crackdown. The Payments …

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India’s central bank cracks down on fintech startups

For fintech startups, lending has long been the end game. A notice from India’s central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend.

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Indian fintech Slice tops $1.5 billion valuation in new funding to scale UPI payments

Slice, a fintech startup that is bringing credit card features to millions of Indians, has raised $50 million in a new financing round led by Tiger Global.

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Fintech Slice joins UPI race to challenge PhonePe and Google Pay

Slice is adding the popular railroad UPI on its eponymous app as the Indian fintech looks to broaden its offerings and pushes to become a one-stop payments app for consumers in the world’s second largest internet market. The Bengaluru-headquartered startup, which became a unicorn late last year, sa…

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India’s Slice gears up to take on PhonePe and Google Pay with UPI support

A new player is preparing to enter India’s crowded and yet duopoly-sided UPI payments market. Bengaluru-headquartered Slice, which became a unicorn last year, plans to introduce UPI payments for its users within weeks, according to a source familiar with the matter. The startup is currently testing…

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Google-backed Indian carrier Airtel launches credit card

Airtel said on Monday it is launching a credit card, the latest attempt from the Google-backed Indian telecom operator to make inroads with financial services as it looks to expand its offerings in the world’s second largest internet market. The network, managed by billionaire Sunil Mittal, said it…

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Temasek in talks to back India’s OneCard at $1.5 billion valuation

FPL Technologies, the Indian startup that operates OneCard, is set to double its valuation to about $1.5 billion in a new financing round, just a month after it disclosed its previous funding, according to three sources familiar with the matter. Singapore’s Temasek, one of the world’s l…

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Indian neobank Niyo raises $100 million, tops 4 million customers

India’s Niyo has raised $100 million in a new financing round as the consumer-facing neobank platform looks to add lending and insurance to its offerings and make deeper inroads in the world’s second largest internet market. Accel and Lightrock India co-led the Bengaluru-headquartered startup’s Ser…

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Indian fintech Uni raises $70 million for its pay-later cards offering

Uni, an Indian startup that offers users pay-later cards, has raised $70 million in a financing round as it looks to broaden its product offerings in the South Asian market. General Catalyst led the one-year-old startup’s Series A funding. Eight Roads Ventures, Elevation Capital, Arbor Ventures as …

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Without a clear ask, your pitch deck is useless

Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.

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Equity crowdfunding appears immune to market volatility, on track for its best year yet

With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.

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