RBI’s ban on SBM Bank’s foreign exchange transactions hurts fintech firms
Credit: Reuters Wealthtech startups Vested Finance and IndMoney have been affected after the Reserve Bank of India (RBI) barred SBM Bank (India) Ltd from making outgoing...
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Yara International: Growth Ventures invests in Agrolend – a leading Brazilian agricultural fintech
Founded by brothers Alan and Andre Glezer in 2021, Agrolend offers farmers simple, fast and bureaucracy-free credit to buy agricultural products such as seeds and fertilizers....
Fintech platforms in a soup over RBI’s stricter lending norms
Credit: 123RF.com India’s tougher digital lending rules have disrupted card services for foreign-backed fintech firms and jeopardized loan offers to Amazon, prompting companies to map out...
Fintech profitability doubtful for the next 2-3 years: report
Credit: 123RF.com More than 70% of respondents believe that most fintech companies may not be profitable in the next 2-3 years, due to an increased focus...