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2 months ago | 
theheadandtale.com | ARTI SINGH
Raise Financial Services, which operates stockbroking app Dhan, has acquired a financial media startup Filter Coffee. "Filter Coffee, a new-age financial media startup known for delivering concise and actionable business insights, is joining our ecosystem," the fintech said on its LinkedIn post. Founded by Tanvi Raut Dessai during the pandemic, Filter Coffee boasts over 20,000 subscribers. “We are excited to welcome Filter Coffee and Tanvi to the Raise ecosystem.
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2 months ago | 
theheadandtale.com | ARTI SINGH
Paytm Payments Services Limited (PPSL), a subsidiary of Vijay Shekhar Sharma-led Paytm, is undergoing a leadership shuffle and wor The author is Founder and Editor of The Head and Tale. She can be reached at Tweets @artijourno
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Jan 23, 2025 | 
herzindagi.com | ARTI SINGH |Nitisha Sharma
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Jan 21, 2025 | 
theheadandtale.com | ARTI SINGH
PayU is in the final stages of acquiring an UPI infrastructure company, several people aware of the matter told The Head and Tale. The author is Founder and Editor of The Head and Tale. She can be reached at Tweets @artijourno
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Jan 18, 2025 | 
theheadandtale.com | ARTI SINGH
Seven former directors and the former compliance officer of One97 Communications, the parent firm of Paytm, have settled a case by paying Rs 3.32 crore to the Securities and Exchange Board of India (Sebi). The settlement pertains to regulatory violations.
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Jan 16, 2025 | 
theheadandtale.com | ARTI SINGH
Amazon is all set to acquire Bengaluru-based fintech company Axio (previously known as Capital Float), which operates as a non-banking financial company (NBFC). The deal -- which awaits regulatory approvals -- is valued at close to $150 million. "In December, after successful completion of due diligence, we signed an agreement with Amazon for a proposed acquisition of axio," axio said in a blog post.
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Jan 9, 2025 | 
theheadandtale.com | ARTI SINGH
After a slew of senior exits, Gurugram-based fintech firm PayU is undergoing a major reorganization, sources close to the matter told The Head and Tale. This development follows the resignation of the company’s chief business officer, Sudhir Sehgal, a move exclusively reported by The Head and Tale. After the publication of this story on January 7 (Tuesday), we learned that Sehgal announced his departure during a team town hall.
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Jan 7, 2025 | 
theheadandtale.com | ARTI SINGH
Close to a month after its IPO, payments company MobiKwik has reported its quarterly results for the second quarter of fiscal year 2024-2025 (Q2 FY25). For the quarter ended September 30, 2024, the Gurugram-based fintech has posted Rs 290.6 crore in revenue from operations, up from revenue of Rs 203.4 crore seen in the previous year. However, on a sequential basis, the revenue fell from Rs 342 crore.
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Jan 7, 2025 | 
theheadandtale.com | ARTI SINGH
Sudhir Sehgal, chief business officer at PayU, has resigned, two people confirmed to The Head and Tale. His exit adds to a series of high-profile leadership exits at PayU over last couple of months. The Head and Tale has been exclusively reporting these exits and developments at PayU since last few months. Sehgal joined the Gurugram-based payments company in 2020. He joined as the country head to lead PayU’s enterprise business.
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Nov 26, 2024 | 
theheadandtale.com | ARTI SINGH
Unified Payments Interface (UPI) has become increasingly popular in India, with total transaction volume and value rising steadily over the past three fiscal years. This growth has been accompanied by a surge in fraud, with incidents more than doubling between FY 2022-23 and FY 2023-24. UPI fraud incidents surged by 85% in FY24. The country reported 13.42 lakh fraud cases worth Rs 1087 crore in FY 24. In FY23, the number of cases reported were 7.25 lakh involving a total value of Rs 573 crore.
