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Technology Transformation For Central Banks
Role of Central Banks is changing rapidly with need to regulate and supervise new areas like Cryptocurrencies, new payment participants and payment systems and FinTechs that have completely transformed the face of traditional Banking.
In a first for Indian fintech start-up, Razorpay triples valuation to $3 billion in six months
Razorpay has become the first Indian fintech start-up to triple its valuation to $3 billion, with its latest $160 million Series E fund raise, in less than six months after it became a Unicorn in October 2020.
UK-based fintech startup Revolut starts India operations, appoints Paroma Chatterjee as CEO
Paving its way for entry to Indian market, fintech startup Revolut on Thursday announced that Paroma Chatterjee will join the startup as its India CEO. Its move to the Indian market is reportedly part of a larger global expansion plan to be carried out in the next 18 months. Paroma, a leader in consumer tech and fintech industry, will lead the UK-based startup’s journey in India’s fintech industry, that is largely dominated by key players like Google Pay, Paytm, and PhonePe.
The FinTech Revolution in Banking
The UK government Department for International Trade presents Mint CXO Dialogues ‘The Era of FinTech: Ushering a New Age in Banking’. The session brought together top leaders from India and the UK to delve into the role of FinTech firms in reimagining banking and opportunities for cross-border collaboration between India and the UK.
Fintech startup CredFlow raises $2.1M in seed round; to strengthen tech capabilities
New Delhi-based fintech startup credflow on Wednesday said it has raised $2.1 million in its seed round led by Stellaris Venture Partners, Omidyar Network India, and Flourish Ventures. Marquee angel investors such as Nitin Gupta, Founder of Uni, also participated in the round.
3 fast growing FinTech platforms in India
India has framed itself into a digital economy where FinTech start-ups are leading the digital transformation of the financial industry. Today, Indians have become more welcoming towards the use of digital payments modes, which has led to the rise of more FinTech platforms in India.
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