Fintech News
SmartBiz Is First Fintech to Become Bank Since Trump Elected
SmartBiz became the first financial-technology firm to receive regulatory approval to be a bank since President Donald Trump took office in January, a regulatory signal that other fintechs could also get the green light to cement their footholds in the financial-services industry.
2 min read01:15 AM ISTPayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum
Founded in 2008, Mindgate provides end-to-end real-time payment infrastructure and expertise for several leading banks in India, processing over 8 billion transactions a month.
1 min read20 Mar 2025Upcoming IPO: Pine Labs plans IPO by second half of 2025 despite weak stock market mood, may raise $1 billion
Pine Labs plans a $1 billion IPO in 2025, combining fresh capital and existing investor sales. Last valued at $5 billion, it aims to diversify income and enhance tech solutions for banks. Despite market challenges, CEO Rau remains confident about going public.
1 min read18 Mar 2025PB Fintech share price drops over 5% amid ₹696 crore investment plans in its arm
PB Fintech share price fell over 5% after announcing a ₹696 crore investment in its subsidiary, PB Healthcare Services, for expansion in the next financial year, pending shareholder approval.
1 min read12 Mar 2025Neobanking startup Jupiter sees three senior exits amid crucial restructuring
Jupiter said it is optimising its organisational structure for next year’s growth trajectory and to focus on specific business lines.
3 min read11 Mar 2025Razorpay bolsters Southeast Asia bet with Singapore foray
After cutting transaction time and costs for Malaysia’s businesses, the company seeks to replicate the success in Singapore.
2 min read6 Mar 2025MobiKwik to focus on scaling UPI, launch RuPay credit card
The company announced its quarterly results, reporting a quarter-on-quarter loss of ₹55 crore in Q3 FY25, compared with a profit of ₹5 crore in Q3 FY24.
4 min read4 Feb 2025InsuranceDekho raises fresh funds ahead of signing bankers to its IPO
The startup raised funds from Beams Fintech, MUFG Bank and BNP Paribas, and is expected to appoint bankers for an initial public offering later this year.
2 min read27 Jan 2025Mint Explainer: Why Razorpay and Cashfree are ditching Juspay, and what it means for the fintech sector
So far, payment aggregators and online businesses have found immense value in Juspay’s orchestration services, which aim to reduce failed payments and deliver the best conversion rates. Now, Razorpay and Cashfree are offering their own orchestration platforms. What does it all mean?
5 min read21 Jan 2025Mint BFSI Summit | Experts emphasize balancing innovation and regulation in India’s fintech sector
Panelists at the Mint BFSI Summit emphasized the evolving regulatory landscape in India’s fintech sector, highlighting the growing importance of governance and customer protection.
3 min read28 Jan 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared