Browsing: FinTech

BENGALURU: Equity management platform Qapita has raised $26.5 million in a Series B round led by US-based brokerage giant Charles Schwab Corporation.

Finance Minister Nirmala Sitharaman launched GIFT City’s foreign currency settlement system, enabling local settlement of international transactions. She also highlighted India’s AI advancements and the impact of Direct Benefit Transfers, while emphasizing support for Global capability and fintech’s role in democratizing finance.

Read insights on how the new Online Gaming Bill, 2025 is shaping the future for E-games and how Innovation is taking over. Read also special insights on what all the Online Gaming Bill, 2025 entails.

Credit infrastructure fintech FinBox raises $40 million in Series B led by WestBridge Capital to strengthen AI-driven lending products, expand globally, and scale fraud intelligence

Get your insights , on the upcoming fintech startups and the cashless economy

A decade ago, when Jack Ma’s Ant Financial placed its bet on Paytm, the symbolism…

Amazon has completed the acquisition of Axio (formerly Capital Float), one of India’s leading digital lending and checkout finance providers, after securing regulatory approval from the Reserve Bank of India (RBI).

ID.me, trusted by more than 152 million users to securely prove their identity online, has raised $340 million across a Series E financing announced today and its recent credit facility, at a valuation exceeding $2 billion. The Series E round was led by Ribbit Capital, with participation from existing investors Ares Credit funds and Moonshots Capital, as well as new investors, including Positive Sum. This funding will accelerate ID.me’s mission to expand access to secure, reusable digital identity and to stop AI-driven fraud.

Existing investor Xponentia Capital also participated in the funding round. The new round of fundraise should be enough for the company to grow for the next 12-18 months without the need for a fresh equity round, said Yogi Sadana, founder of Zype.

That one-click buy wasn’t as harmless as it seemed.We’ve all been there. You visit an…