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Bengaluru, May 27 (UNI) Bengaluru has cemented its place among the world's top 12 technology powerhouses, with its tech workforce surpassing one million, according to CBRE's newly released 'Global Tech Talent Guidebook 2025'. The report, which analyses 115 global markets based on the size, quality and cost of tech talent, places Bengaluru alongside global hubs like San Francisco Bay Area, New York Metro, London, Tokyo and Singapore. The city is the largest tech talent market in the Asia-Pacifi ...Read More >
New Delhi, May 20: Fintech company MobiKwik has reported a wider consolidated loss of Rs 56.03 crore in the fourth quarter of the financial year 2024-25 (Q4 FY25), compared to a small loss of just Rs 67 lakh in the same quarter last fiscal (Q4 FY24). The company's loss also increased from Rs 55.2 crore in the previous quarter (Q3 FY25), according to its stock exchange filing. For the full financial year FY25, MobiKwik recorded a loss of Rs 121.5 crore. This is a major setback for the Gurugram-b ...Read More >
New Delhi: Fintech firm One MobiKwik Systems on Tuesday said its consolidated loss widened to Rs 56 crore in the quarter-ended March 31, 2025.It had reported a loss of Rs 0.6 crore in the year-ago period, according to a regulatory filing.Revenue from operations saw a marginal increase from Rs 264.9 crore in Q4 FY24, to Rs 267.7 crore in Q4 FY25. The Gurgaon-headquartered firm's Payments GMV (Gross Merchandise Value) grew 203 per cent year-on-year to Rs 1,15,900 crore, according to a company sta ...Read More >
New Delhi, May 20 (SocialNews.XYZ) Fintech company MobiKwik has reported a wider consolidated loss of Rs 56.03 crore in the fourth quarter of the financial year 2024-25 (Q4 FY25), compared to a small loss of just Rs 67 lakh in the same quarter last fiscal (Q4 FY24). The company's loss also increased from Rs 55.2 crore in the previous quarter (Q3 FY25), according to its stock exchange filing. For the full financial year FY25, MobiKwik recorded a loss of Rs 121.5 crore. This is a major setback f ...Read More >
New Delhi, Feb 4 (PTI) Fintech firm One Mobikwik on Tuesday reported a consolidated loss of Rs 55.28 crore in the third quarter ended December 2024, mainly due to increase in payment gateway cost. One Mobikwik had posted a profit of Rs 5.27 crore in the same period a year ago, according to the company's regulatory filing. The payment gateway cost of One Mobikwik jumped about three-fold to Rs 143.7 crore during the reporting period from Rs 50.83 crore in the December 2023 quarter. The consolid ...Read More >
New Delhi, Dec 14 (IANS) The Unified Payments Interface (UPI) has achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, 'showcasing its transformative impact on financial transactions' in India, the Finance Ministry said on Saturday. The Finance Ministry also said that UPI is now accepted in seven countries including France, UAE, Singapore, Sri Lanka, Mauritius, Bhutan and Nepal. The UPI system provides a cheaper and quicker alternative to the available c ...Read More >
BusinessWire India New Delhi [India], January 14: Startup Policy Forum (SPF), with the support of Department for Promotion of Industry and Internal Trade (DPIIT) and Startup India, are launching flagship initiatives - Startup Baithak & Startup Baatcheet, to commemorate National Startup Day 2025. The two-day event to be held at Bharat Mandapam is designed to spotlight the vibrancy and transformative potential of India's startup ecosystem while discussing key policy issues including Data Privacy, ...Read More >
Razorpay introduces Razorpay Recon, an AI-powered solution for automating financial reconciliation. Aimed at reducing errors and increasing efficiency by 80%, it manages large transaction volumes and addresses challenges in managing digital payments, offering businesses enhanced control over financial operations. In a bid to transform financial reconciliation processes, Razorpay has launched Razorpay Recon, an innovative AI-driven solution designed to revolutionize transaction management across ...Read More >
Gurugram (Haryana) [India], December 12: Navanc, a pioneering FinTech startup building India's first AI-powered property score and stack for secured lending and insurance practices, has successfully raised USD 1 million in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors Also Read | US: Joe Biden Commutes Roughly 1,500 Sentences and Pardons 39 People in Biggest Singl ...Read More >
Mumbai (Maharashtra) [India], December 12: PayU, India's leading digital financial services providers, and Amazon Web Services (AWS), the world's most comprehensive and widely adopted cloud platform have launched InFINity 2.0, an accelerator program geared to help early-stage Indian fintech startups scale and succeed. The program targets startups that have raised less than $10 million and are seeking seed to Series A funding. Applications open on December 12, 2024, and close on February 15, 2025 ...Read More >
NewsVoir Gurugram (Haryana) [India], December 12: Navanc, a pioneering FinTech startup building India's first AI-powered property score and stack for secured lending and insurance practices, has successfully raised USD 1 million in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors The funds will be directed toward expanding operations across India, with a focus on st ...Read More >
NewsVoir Mumbai (Maharashtra) [India], December 12: PayU, India's leading digital financial services providers, and Amazon Web Services (AWS), the world's most comprehensive and widely adopted cloud platform have launched InFINity 2.0, an accelerator program geared to help early-stage Indian fintech startups scale and succeed. The program targets startups that have raised less than $10 million and are seeking seed to Series A funding. Applications open on December 12, 2024, and close on Februar ...Read More >
A new report reveals Indian graduate employability has risen to 54.81%, up from 51.25% the previous year and 33% a decade ago. This growth is driven by skill development in areas like AI and cloud computing, positioning India as a global talent leader, particularly in IT, engineering, and healthcare, with significant global opportunities emerging.As the demand for talent continues to rise, a report on Tuesday revealed that employability among Indian graduates has seen a steady rise, reaching 54. ...Read More >
Amazon India on Tuesday said that they are increasing its exports commitment four-fold and plans to enable over $80 billion in cumulative exports from India by 2030. This marks an ambitious scale up from earlier commitment of enabling exports worth $20 billion by 2025. The e-commerce major also said that it has earmarked $120 million from its Smbhav Venture Fund to invest in start-ups that digitise consumer goods manufacturing in India and cater to domestic and global demand. It added that the ...Read More >
New Delhi [India], December 4 (ANI): The Central Bureau of Investigation (CBI) on Wednesday conducted searches at 10 locations in Delhi and surrounding areas in connection with an on-going investigation of a transnational cyber enabled fraud case involving large-scale financial scams. CBI registered the said case under Sections 403 and 420 of the Indian Penal Code and Section 66D of the Information Technology Act, 2000, based on a written complaint received from the Indian Cyber Crime Coordinat ...Read More >
In an exclusive interview with FinTech Magazine at Money20/20, Matthew Van Buskirk, Co-founder and CEO of Hummingbird Regtech, discusses how the company is enabling data to be labelled at ease through the use of artificial intelligence. Hummingbird positions itself as an AI enablement company, addressing a critical challenge in the financial sector: the lack of well-labelled, clean training data. "From the day we launched, we saw that deploying effective machine learning or AI capabilities in ...Read More >
Indian startups nearly reached $1 billion in funding in November, boosted by major deals in e-commerce, healthtech, and fintech. While funding was slightly lower than in October, big investments in companies like Zepto and HealthKart showed strong investor interest. According to data compiled by TheKredible, Indian startups raised $972 million across 90 deals, with growth and late-stage funding dominating at $708.12 million from 14 deals. Early-stage funding contributed $263.5 million through ...Read More >
Fraud prevention software platform RaptorX has raised Rs 4 crore in a pre-seed funding round co-led by PeakXV Spark, EagleWings Ventures, and Point One Capital, along with participation from Peyush Bansal, Boat Co-founder & CMO Aman Gupta, and key angels (SVPs) from Google. The company had previously raised $120K in the same round. The fresh funds will be utilized to build and enhance its AI and machine learning capabilities for applications in both banking and e-commerce, expand the team, imp ...Read More >
In the last decade, digital transformation has reshaped industries across the globe, with the banking, financial services, and insurance (BFSI) sector witnessing a rapid shift towards technology-driven processes. Automation, Artificial Intelligence (AI), blockchain, and big data are now reshaping business operations and redefining traditional roles. As India navigates this intersection of innovation and opportunity, the employability of the country's youth -- especially in BFSI -- will hinge on ...Read More >
By Tashwinder Singh, CEO and MD, Niyogin Fintech Limited The world of finance has been transformed by fintechs to dramatically change the interaction of a consumer with a financial service. Mobile banking, app stores, and AI investment brokerage have all done their magic on consumer financial access, charge, and personalised services. With technology advancing product innovations, all these are consolidated with a personal touch, and this has thereby brought the concept of hybrid ways for finte ...Read More >
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