fintech: Latest News & Videos, Photos about fintech | The Economic Times - Page 1 (original) (raw)
Mygate closes Rs 225 crore deal with Dharana Capital
Housing society management platform Mygate has secured Rs 225 crore in a funding round led by Dharana Capital. The deal, which includes primary capital and a secondary transaction, values the company at approximately Rs 2,000-2,200 crore. MyGate plans to expand its offerings and invest in technology, with revenue primarily driven by advertising.
10 Jun, 2026, 03:55 PM IST
Salesforce layoffs: Employees from Agentforce AI, Mulesoft IT teams handed pink slips
The enterprise software company has undertaken a fresh round of layoffs, affecting employees working on its Agentforce AI product, Mulesoft IT integration tool, and Marketing Cloud software, according to Business Insider.
10 Jun, 2026, 10:47 AM IST
Flexi-staffing industry in India sees 8% YoY growth in new employment in 2025-26: ISF report
The push for formal employment, strongly supported by the staffing industry, has been instrumental in bringing more workers into structured flexi roles, thereby boosting reported employment figures and aligning with the industry’s commitment to providing formal opportunities, especially for first-time job seekers and freshers, the report said.
09 Jun, 2026, 06:25 PM IST
EV, FinTech jobs set to deliver biggest raises
Indian employees can anticipate salary increments of 8.6% to 10.2% in FY2026-27, with EV infrastructure, fintech, and healthcare sectors leading the hikes. Electrical engineers are projected for the highest increases at 11.2%. Geopolitical tensions and inflation could temper these projections, leading to cautious budgeting by businesses.
09 Jun, 2026, 04:24 PM IST
India Inc to dole out salary hikes of up to 10.2 pc across industries in FY27: Report
Corporate India anticipates salary increments between 8.6% and 10.2% this financial year, driven by demand for skilled talent in high-growth sectors like EV and FinTech. Emerging cities are also strengthening their position in the talent economy, while select roles and specific cities are projected to lead these salary hikes.
09 Jun, 2026, 12:22 PM IST
Paytm plans 10% staff increase in AI pivot, to lay off 400
The increase would mark a roughly 10% increase in its headcount that stands at about 40,000 employees. Paytm is also laying off 1% of its staff, or about 400 people, after the current performance appraisal cycle, a company spokesperson said. The cuts follow more substantial reductions in the previous year.
09 Jun, 2026, 10:26 AM IST
Ex-Mirae Asset India head Ashish Dave launches Rs 700-1,000-crore fund
Ashish Dave, formerly of Mirae Asset Venture Investments, is launching Sanskrit Capital. The new fund aims for Rs 700-1,000 crore. It will invest in Series B and C startups. This move is part of a trend of seasoned investors starting independent funds. Sanskrit Capital will focus on fintech, consumer internet, logistics, healthcare, and enterprise AI.
09 Jun, 2026, 09:00 AM IST
[Sachin Bansal’s Navi in talks to raise 250−300millionfromProsus,AccelUS](/tech/funding/sachin−bansals−navi−in−talks−to−raise−250−300−million−from−prosus−accel−us/articleshow/131587840.cms"SachinBansal’sNaviintalkstoraise250-300 million from Prosus, Accel US](/tech/funding/sachin-bansals-navi-in-talks-to-raise-250-300-million-from-prosus-accel-us/articleshow/131587840.cms "Sachin Bansal’s Navi in talks to raise 250−300millionfromProsus,AccelUS](/tech/funding/sachin−bansals−navi−in−talks−to−raise−250−300−million−from−prosus−accel−us/articleshow/131587840.cms"SachinBansal’sNaviintalkstoraise250-300 million from Prosus, Accel US")
Sachin Bansal's Navi Technologies is in talks to raise 250−300millionata250-300 million at a 250−300millionata1.8-2 billion valuation, potentially from Prosus and Accel Growth Fund. This funding aims to expand its lending business in Southeast Asia, following strong performance in India. The move comes after a period of regulatory scrutiny and a shift from IPO plans to private capital.
09 Jun, 2026, 06:00 AM IST
OpenAI & Anthropic battle for Wall Street dominance as losses mount
OpenAI's ChatGPT achieved a record 1 billion users in just three years, outpacing major tech applications. However, the AI giant faces mounting competition, with Anthropic reportedly surpassing OpenAI in business adoption. This intense rivalry sets the stage as both companies prepare for potential Wall Street dominance.
09 Jun, 2026, 06:00 AM IST
LIC in talks with regulators on long-term instruments to match growing liabilities: CEO
Life Insurance Corporation of India is working with regulators like the Reserve Bank and Sebi. This is to increase long-term investment options. Inflows into LIC's annuity products are growing. The company is also considering a fintech arm. LIC is prepared for further stake dilution by the government. The government is focused on listing requirements.
07 Jun, 2026, 11:02 AM IST
Ethical hacking can strengthen trust in online examinations
Online exams face security threats. Ethical hacking offers a solution by finding vulnerabilities before malicious actors. India's digital growth fuels demand for this skill. Cybersecurity is vital for e-commerce, fintech, and cloud services. Expanding ethical hacking to online governance, including examinations, is essential. AI is enhancing security tools. Regulations and critical infrastructure necessitate robust security testing.
05 Jun, 2026, 11:17 PM IST
RBI approves Sahamati as SRO for Account Aggregator ecosystem
The Reserve Bank of India has recognized Sahamati as the Self-Regulatory Organisation for the Account Aggregator ecosystem. This move formalizes governance and operational standards for financial data sharing. Sahamati, a not-for-profit entity, will now oversee this crucial network. The ecosystem facilitates consent-based sharing of financial data, benefiting credit underwriting and customer assessment.
05 Jun, 2026, 09:21 PM IST
AMFI bars Stable Money from distributing mutual funds for six months
Fintech firm Stable Finserv, backed by Peak XV Partners and Lightspeed, faces a ban from distributing mutual funds until November 2026. The Association for Mutual Funds in India imposed the restriction, impacting investors' SIPs. While the exact reason remains unclear, industry insiders suggest potential violations in advertising or documentation. This comes despite recent significant funding for the startup.
05 Jun, 2026, 06:00 AM IST
SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x return
SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wednesday. The shares were sold at Rs 508.55 apiece, with Goldman Sachs, Fidelity, Quant Mutual Fund, WhiteOak Capital, and other institutional investors among the buyers. SoftBank’s stake has now fallen to 9.88%.
04 Jun, 2026, 07:47 PM IST
[Fintech firm Ramp's valuation surges to 44billiononAI−drivengrowth](/tech/funding/fintech−firm−ramps−valuation−surges−to−44−billion−on−ai−driven−growth/articleshow/131507823.cms"FintechfirmRamp′svaluationsurgesto44 billion on AI-driven growth](/tech/funding/fintech-firm-ramps-valuation-surges-to-44-billion-on-ai-driven-growth/articleshow/131507823.cms "Fintech firm Ramp's valuation surges to 44billiononAI−drivengrowth](/tech/funding/fintech−firm−ramps−valuation−surges−to−44−billion−on−ai−driven−growth/articleshow/131507823.cms"FintechfirmRamp′svaluationsurgesto44 billion on AI-driven growth")
Fintech firm Ramp secured 750millioninfunding,valuingthecompanyat750 million in funding, valuing the company at 750millioninfunding,valuingthecompanyat44 billion. This significant jump highlights investor confidence in AI's potential to transform corporate finance through automation. The deal signals a strong resurgence in the fintech sector. Ramp's platform helps over 70,000 organizations manage expenses and payments efficiently.
04 Jun, 2026, 06:18 PM IST
[Fintech WeRize raises 7millionledbySonyInnovationFund](/tech/funding/fintech−werize−raises−7−million−led−by−sony−innovation−fund/articleshow/131488872.cms"FintechWeRizeraises7 million led by Sony Innovation Fund](/tech/funding/fintech-werize-raises-7-million-led-by-sony-innovation-fund/articleshow/131488872.cms "Fintech WeRize raises 7millionledbySonyInnovationFund](/tech/funding/fintech−werize−raises−7−million−led−by−sony−innovation−fund/articleshow/131488872.cms"FintechWeRizeraises7 million led by Sony Innovation Fund")
Bengaluru-based fintech WeRize has secured $7 million in a funding round led by Sony Innovation Fund. The capital will bolster its AI and technology capabilities, expanding its product offerings to include mutual funds, bonds, credit cards, and housing loans. WeRize targets consumers in smaller cities, distributing financial products through local distributors via its AI-driven platform.
04 Jun, 2026, 08:13 AM IST
Policybazaar founder warns of insurance squeeze; IT's buying spree
Happy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. This and more in today’s ETtech Morning Dispatch.
03 Jun, 2026, 07:56 AM IST
Commission caps to pose existential threat to insurance distributors: Policybazaar’s Yashish Dahiya
Policybazaar faces potential business disruption from IRDAI's proposed commission caps, prompting consideration of an insurance manufacturing license. Yashish Dahiya, the group chairman of PB Fintech, said the company has shared its concerns with the regulator about the potential impact of such caps on the industry, but added that there is still no clarity on the outcome.
03 Jun, 2026, 06:00 AM IST
Fintech lenders corner 77% of India's personal loan market by volume in FY26
Fintech lenders now lead India's personal loan market by loan count. These digital NBFCs are disbursing small-ticket loans, reaching more customers in smaller cities and younger demographics. Their loan book has grown significantly, and asset quality is improving. Fintech lending is becoming a key part of India's retail credit landscape.
02 Jun, 2026, 04:50 PM IST
[Japan’s MUFG readies 250millionIndiafundasinvestormixshiftsinstartupfunding](/tech/startups/japans−mufg−bets−250−million−on−india/articleshow/131445576.cms"Japan’sMUFGreadies250 million India fund as investor mix shifts in startup funding](/tech/startups/japans-mufg-bets-250-million-on-india/articleshow/131445576.cms "Japan’s MUFG readies 250millionIndiafundasinvestormixshiftsinstartupfunding](/tech/startups/japans−mufg−bets−250−million−on−india/articleshow/131445576.cms"Japan’sMUFGreadies250 million India fund as investor mix shifts in startup funding")
Japan's MUFG is launching a significant 250millionfundforIndianstartups.Thisnewfundwillfocusonearlyandgrowth−stagecompanies,especiallyinfintech.Thismovecomesasothermajorinvestorshaveslowedtheiractivity.MUFG′sinitiativeaimstofillthisgap,backingIndia′sdigitalgrowth.Thefundcouldexpandto250 million fund for Indian startups. This new fund will focus on early and growth-stage companies, especially in fintech. This move comes as other major investors have slowed their activity. MUFG's initiative aims to fill this gap, backing India's digital growth. The fund could expand to 250millionfundforIndianstartups.Thisnewfundwillfocusonearlyandgrowth−stagecompanies,especiallyinfintech.Thismovecomesasothermajorinvestorshaveslowedtheiractivity.MUFG′sinitiativeaimstofillthisgap,backingIndia′sdigitalgrowth.Thefundcouldexpandto400 million.
02 Jun, 2026, 04:45 PM IST
Unified Lending Interface is a good start. Now comes the hard part
India's new Unified Lending Interface, ULI, promises to fix credit access. However, its true impact depends on fintech companies.
02 Jun, 2026, 11:13 AM IST
Decentro secures final payment service provider licence at GIFT City
With this, Decentro has become the first Indian payment aggregator to secure the approval. With the licence, Decentro has established an entity in GIFT City and plans to offer a full-stack cross-border payments infrastructure for global businesses.
01 Jun, 2026, 02:31 PM IST
PB Fintech shares in focus after founders sell stake worth Rs 665 crore in Policybazaar parent
PB Fintech founders sold shares worth Rs 665 crore. Yashish Dahiya and Alok Bansal offloaded stock on Friday. Major investors like Goldman Sachs and Morgan Stanley bought these shares. This follows previous stake sales by the founders. PB Fintech reported strong revenue and profit growth for the January-March quarter. The company's stock has seen significant fluctuations since its IPO.
01 Jun, 2026, 09:11 AM IST
Stocks in news: IndiGo, Suzlon Energy, Patanjali Foods, PB Fintech, Vedanta
Markets experienced significant volatility on Friday, with indices falling in the final hour due to heavy institutional selling. Several companies like IndiGo, Suzlon Energy, and Patanjali Foods are in focus today. Vedanta received its highest domestic credit rating in over a decade.
01 Jun, 2026, 06:39 AM IST
Digital lenders clock strong FY26 on sturdier fundamentals
New-age fintech lenders like Fibe, Navi, and Kreditbee have achieved profitable growth in FY26, demonstrating business maturity despite economic headwinds. This strong financial performance positions them well for planned public listings, with Kreditbee reporting the highest net profit.
01 Jun, 2026, 06:00 AM IST
LIC plans foray in fintech space, strategic investment also on table: CEO Doraiswamy
Insurance giant LIC is exploring a fintech arm to boost digital capabilities. The company is also prepared for potential further stake dilution by the government. LIC has recently rewarded shareholders with a bonus issue and increased dividend. The company reported a significant net profit increase for the March quarter.
31 May, 2026, 01:31 PM IST
PB Fintech founders Yashish Dahiya, Alok Bansal sell 0.8% stake worth Rs 665 crore
The shares were acquired by investors including Goldman Sachs, Morgan Stanley, Hong Kong-based Viridian Asset Management, Kotak Securities, Tata Mutual Fund, National Pension System Trust, and other domestic and foreign portfolio investors. The transaction was executed at Rs 1,751 per share.
30 May, 2026, 02:45 PM IST
PB Fintech sees Rs 665 crore block deal as founders pare stake; Goldman among other top funds buy
PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal. The shares were purchased by various institutional investors, including Goldman Sachs and Tata Mutual Fund, following the company's recent performance.
29 May, 2026, 09:34 PM IST