Investor Warburg Cuts Valuation of Ant Group by 15% to Below $200B: Source November 24, 2021 By Julie Zhu, Kane Wu and Nikhil Nainan HONG KONG – Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech...
China’s Ant Group Reports 39% Rise in Profits on Investment Gains November 18, 2021 By Patrick Winters Ant Group Co.’s profit rose an estimated 39% in the June quarter, attributed to a gain in investments as billionaire...
India’s Paytm Tumbles in Market Debut, as Investors Question Lack of Profits November 18, 2021 By Nupur Anand and Sankalp Phartiyal MUMBAI – Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning...
SoftBank-Backed Fintech Raises $761M in India IPO. Now Comes the Hard Part. November 16, 2021 By Saritha Rai Yashish Dahiya’s PB Fintech Ltd. climbed 23% on its first day of trading after raising $761 million in an IPO....
Paytm’s IPO Oversubscribed but Doesn’t See Blow-out Demand From Investors November 15, 2021 By Vishwadha Chander, Chris Thomas and Sankalp Phartiyal BENGALURU – Paytm’s $2.5 billion initial public offering (IPO), India’s largest, was oversubscribed at the close of bidding on Wednesday,...
Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution November 2, 2021 By Saritha Rai, Suvashree Ghosh and Baiju Kalesh China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching...
Fintech Paytm Gets Regulatory Nod for India’s Biggest Ever IPO: Source October 22, 2021 By Sankalp Phartiyal NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock...
Amazon Enters India Wealth Management with Investment in Smallcase Technologies August 18, 2021 By Saritha Rai Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech...
Fintech and On-Demand Insurer N26 Eyes Value of About $10B in New Fundraising July 16, 2021 By Jan-Henrik Förster and Eyk Henning N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the...
Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round July 2, 2021 By Saritha Rai Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort...