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The Latest Breaking News from fintech

SMBC Asia Rising Fund makes follow-on investments worth $12-15 million in three fintech startups

SMBC Asia Rising Fund (ARF) has injected $12-15 million in follow-on investments into Easy Home Finance, Vayana, and DPDzero. These strategic moves underscore ARF's confidence in the sustained growth and expanding opportunities within these Indian fintech companies. The fund highlights their crucial role in enhancing India's financial ecosystem by improving…

The Economic Times

PayU India posts first full-year operating profit in FY26; revenue rises 13%

During the second half of FY26, PayU India also exited certain "negative margin portfolios", impacting its sequential revenue growth. In the October-March, the fintech company reported revenue of $384 million, down from $395 million in six months ending September 30, 2025.

The Economic Times

Progcap looks to raise $45 million equity capital in FY28

The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth in MSME lending, especially wholesalers and retailers. The fintech is currently present in 500 cities, Tier II, III and IV cities, with over 30,000 borrowers having an average ticket size of Rs 10 lakh.

The Economic Times

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ETtech Deals Digest: Cred’s mega round lifts startup funding to $1.09 billion this week, up 290% on-year

Indian startups secured a significant $1.09 billion in funding across 14 deals, with fintech giant Cred leading the charge with a massive $900 million round. This surge, primarily driven by late-stage investments, marks a substantial increase from previous weeks. Notable participants included Bessemer Venture Partners and Norwest, backing firms like…

The Economic Times

Developer Accidentally Burned $81,000 in AI Tokens While Building a Meme Game: 'I Underestimated My Ability'

A fintech employee's $81,000 AI coding error in a meme-inspired game reveals the hidden costs of AI development. Explore the ensuing online debate and unexpected commercial opportunities.

International Business Times UK

Fintech Airwallex secures $320 million in new funding round at $11 billion valuation

Fintech giant Airwallex has secured a significant $320 million funding round, valuing the company at $11 billion. This substantial investment, a nearly 38% increase from its last financing, will fuel global expansion and enhance its AI capabilities. The company also unveiled new products, including an automated bookkeeping platform and a…

The Economic Times

Wise bolsters investor returns despite profits drop

The fintech reported an 8% drop in annual pre-tax profits to 660.4 million dollars (£500.3 million) as operating expenses jumped 39%.

Evening Standard

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Dear Robinhood Stock Fans, Mark Your Calendars for July 17

As the push for clearer crypto regulations gains momentum, Robinhood is emerging as a key company to watch.

Barchart

Meta Platforms Just Took a 20% Stake in Cred. What That Means for META Stock.

Meta's $900 million acquisition underscores the popularity of a growing Indian fintech market, and Meta knows it.

Barchart

Kunal Shah net worth and his inCREDible journey to Meta's WhatsApp

Kunal Shah, the visionary behind CRED and FreeCharge, is now the Global Head of WhatsApp. This significant appointment, coupled with Meta's substantial investment in CRED, underscores Shah's remarkable entrepreneurial journey. From his early ventures to building a fintech unicorn, Shah's influence in the startup world continues to grow, now extending…

The Economic Times

Zuckerberg bets on Kunal Shah for WhatsApp’s aggressive financial services, AI push

Meta's WhatsApp is set for a major financial services and AI push with Kunal Shah at the helm. This move aims to leverage AI agents and the Meta AI chatbot to drive growth, particularly in India, a key market with over half a billion users. Shah's appointment signals India's growing…

The Economic Times

Meta's WhatsUpside Down hire: How Kunal Shah broke the Valley playbook

Silicon Valley's AI talent war saw tech giants acquire engineers. However, Meta's Mark Zuckerberg broke the mold by investing $900 million in Indian fintech startup Cred and bringing its founder, Kunal Shah, into WhatsApp's C-suite. Shah, a non-engineer with deep consumer insights, is tasked with boosting WhatsApp's payments and commerce,…

The Economic Times

Why Meta’s Cred investment matters for WhatsApp Pay in India

Meta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp signals a major push into India's fintech landscape. For Meta, with Shah at the helm, there is a chance that WhatsApp's position in India, its largest market, will go beyond messaging into payments, commerce,…

The Economic Times

Foreign influence increasing over India's fintech sector: GTRI on Meta's investment in Cred

Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of consumer financial-behaviour data, covering credit cards, loans, investments, insurance, and UPI transactions. On the other hand, it said China built its digital payments ecosystem through domestic champions such as Alipay and…

The Economic Times

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The Economic Times

Intellectual curiosity & infectious optimism: Industry cheers Kunal Shah's new role as WhatsApp Head

India Inc. is celebrating Kunal Shah's appointment as WhatsApp head, hailing it as a milestone for Indian startup leadership. Industry leaders lauded his "intellectual curiosity" and "infectious optimism," noting his unique philosophy background and entrepreneurial journey. Meta's investment in his fintech firm CRED and Shah's deep understanding of consumer behavior…

The Economic Times

Meet Kunal Shah: He once worked as a delivery boy to support family. Now he's set to lead world's biggest messaging platform

Kunal Shah, the visionary behind fintech success CRED and FreeCharge, is set to lead Meta's global messaging giant, WhatsApp. Shah, who previously overcame family bankruptcy by working odd jobs, will transition from his operational role at CRED, where he built a 17-million-member platform. He believes WhatsApp holds immense untapped potential,…

The Independent UK

Meta hires Indian fintech start-up founder as new WhatsApp chief

Kunal Shah’s appointment comes after Meta invests $900m in his company

The Economic Times

Turtlemint Fintech IPO Day 3: Fully subscribed 1.02x, GMP signals, brokerage views and key details

Turtlemint Fintech's IPO saw strong demand, fully subscribing on its final day with institutional investors showing significant interest. Despite a modest grey market premium suggesting a subdued listing, the company aims to leverage its extensive PoSP network and digital platform for growth in India's underpenetrated insurance sector. Proceeds will fund…

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The Economic Times

Meet Kunal Shah, serial entrepreneur and Meta's pick to lead WhatsApp

Indian tech entrepreneur Kunal Shah is set to lead WhatsApp, the world's largest messaging platform, succeeding Will Cathcart. Shah, the founder of fintech unicorn CRED and pioneer of digital payments with FreeCharge, brings extensive experience in building successful tech ventures. Meta's investment in CRED and Shah's deep understanding of user…

The Economic Times

Who is Kunal Shah? CRED founder who sold FreeCharge for ₹2,800 crore, built CRED into a $325M fintech giant, and now set to lead WhatsApp

Kunal Shah, the visionary behind CRED, is set to lead WhatsApp globally following Meta's substantial investment. Renowned for scaling CRED and previously selling FreeCharge for ₹2,800 crore, Shah's journey from humble beginnings to a fintech titan is remarkable. He will transition from CRED's CEO to Meta's global leadership, marking a…

The Economic Times

Cred’s Kunal Shah is WhatsApp’s new CEO

Cred founder Kunal Shah will join WhatsApp as its global head after Meta announced a nearly $900 million investment in the fintech firm. This and more in today’s ETtech Top 5.

The Economic Times

Kunal Shah named WhatsApp global CEO as Meta takes $900 million stake in Cred

Meta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 million in secondary sale of shares by existing shareholders, while the remaining $500 million will be ploughed into the company.

The Economic Times

Turtlemint Fintech IPO Day 2: Issue subscribed 52%; Check GMP and other key details

Turtlemint Fintech Solutions IPO: The issue, comprising a fresh issue of ₹660.7 crore and an offer-for-sale of ₹221.9 crore, is priced at ₹144-152 per share and will close for subscription on June 23.

AAP

Festival of Marketing Asia unveils opening keynotes across main stage, B2C and B2B stages

HONG KONG and KUALA LUMPUR, Malaysia and SINGAPORE, June 22, 2026 /PRNewswire/ -- Haymarket Media Asia, publisher of Campaign, today unveiled the opening keynote speakers for the inaugural Festival of Marketing Asia (FoM Asia), taking place on 3 September 2026 at PARKROYAL COLLECTION Kuala Lumpur.

The Economic Times

Singapore-based fintech company Aleta aims to expand operations into India

Aleta Planet, a Singapore fintech firm, is set to enter the Indian market. The company will provide infrastructure for Visa debit cards, enabling quick launches for partners. Aleta also plans to introduce exclusive Sanrio-themed Visa debit and prepaid cards. These collectable cards featuring popular characters aim to attract a wide…

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