Fintech

In short order America’s biggest companies have gone from printing money to burning it. Amazon, Meta and Microsoft are all expected by analysts to announce negative cashflows in at least one quarter this year.

RBI action caps a years-long regulatory clampdown, forcing Paytm to recast its payments stack and rethink its lending strategy.

Florintree, Viridian Asset Management, Dymon Asia Capital and Karma Capital bought the shares.

Currently, the firm has a user base of around 186 million and 4.79 million merchants across products by April 2026 mainly in tier two and three India.

Large Indian banks that thrived on the SWIFT payments network are feeling the heat. The RBI has widened the playing field for cross-border transactions, opened it up to regulated non-bank payment platforms, and catalyzed competition. An inside story.

The company was last valued at over $750 million in 2024 after raising nearly $100 million from Helios. In total, it has secured more than $200 million from investors including Tiger Global, Better Capital and MUFG Innovation Partners, the venture arm of Mitsubishi UFJ Financial Group.

Fund managers are pouring billions of dollars into agreements to buy the future debt that consumers will incur.

The startup that built its name on easy consumer credit is undergoing a radical makeover as a regulated bank, trading its risky roots for a very different kind of future.