The company, co-founded by Bipin Preet Singh and Upasana Taku, is also considering a pre-IPO placement to raise an additional Rs 140 crore, which would reduce the size of the fresh issue in the IPO accordingly
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With RBI’s final PA authorisation, Paysharp is part of Indi’s Payment System, it helps Paysharp to extend to more merchants. Paysharp is one of authorised Payment Aggregator from Tamil Nadu
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According to media reports, the company attributed this achievement to its strategic focus on automation and cost efficiencies, which have helped drive operational leverage
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According to Co-founder Bipin Preet Singh, "For MobiKwik, staying focused on its core customers and merchants has been key to survival"
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This funding will drive the expansion of Hyperbots’ go-to-market strategy and product development including the development of proprietary generative AI models for finance and accounting
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The fintech industry has witnessed a total capital infusion of USD 337 million thus far in 2024, with 148 companies in the enablers segment, 122 in the lending segment, and 33 in the payments segment receiving funding
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Launched in 2021, OmniCard’s offering included a SaaS platform, mobile app, and UPI enabled corporate cards, caters to the diverse needs of businesses
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The company recorded 23 per cent share in the total value of financial transactions through PPI Wallet in May 2024
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Recognised as the fastest-growing digital payments channel in India, UPI continues to expand its reach into rural areas and integrate with government welfare schemes
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