FinTech | Page 8

The fund raised will be used to expand the product suite, enhance the customer journey, accelerate the phenomenal growth of existing products, strengthen talent and boost data science and engineering capabilities

The fund raised will be used to strengthen the marketing, growth initiatives and to build a lean but qualitatively strong team to scale quickly

The company will use the fund to build technology and a dedicated marketplace for fine art NFTs, as well as for product and team development

The minister of state also said that crypto as a means of payment is the logical extension of fintech

This comes in line after the announcement of RBI governor, Shaktikanta Das, on the allowing of linking the credit cards to UPI to facilitate payments

RBI, in its statement, described OPEN's product as a blockchain-based cross-border system, leveraging the current infrastructure and ensuring frictionless and tamperproof monitoring capabilities

PhonePe was valued at $5.5 billion with its latest fundraise of $700 million and the e-commerce firm, Flipkart, continues to remain its biggest shareholder

The partnership makes FINN one of the largest agencies in health innovation and increases SPAG's global service capabilities and offerings for clients

The products will enable Indian fintech companies to offer the purchase of shares, exchange-traded funds units and other assets listed on foreign exchanges via UPI or net banking as a feature to Indian investors

The fund raised will be utilized to strengthen the technology stack, team expansion and for go-to-market

The fundraise will help the company to invest in new technologies and come up with new offerings

The finance minister said that any legislation for regulation or for banning can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards

The fund raised will be used to enhance tech and data-driven solutions for strengthening and revolutionizing the fresh produce supply chain which connects farmers and consumers

Fintech has fast emerged as the solution to the challenges in front of achieving financial inclusiveness in the country

As per reports, in November 2021, a lot of Indian entrepreneurs shifted to Dubai and registered their businesses there, because of the high taxes and rigid rules for the cryptocurrency platforms

The hackathon is organized to recognize the blockchain-based solutions for the everyday problems facing by the citizens across the country

The fund raised will be utilized for business expansion and extending 5ire's footprint

The company claims that it currently manages $18 billion across the Lightspeed platform, with investment professionals and advisors in the US, China, Europe, India, Israel and Southeast Asia

The fund raised will be utilized for completing the company's platform as a service transformation, strengthening sales and marketing, and building a delivery excellence framework

The fund raised will be utilized for scaling up by adding more asset classes, expansion of tech team, entering new markets, increasing investor base and so on

The introduction of fintech companies and their customer-centric offerings have entirely revolutionized India's banking and financial services ecosystem