Accusations of impropriety crop up at Finablr’s Indian unit
Payments company Unimoni Enterprise Solutions, formerly TimesofMoney, is in a soup, from potentially misappropriated funds to questionable invoicing of a top client.
29 October 2020
You can always update your display preferences in Settings menu

The story of TimesofMoney is interesting, to say the least.

The digital payments processing company started about 20 years ago, under the fledgling Times Internet Ltd, the internet arm of the Times Group, one of India’s biggest media and internet groups. Over the years, TimesofMoney has offered services such as money transfers and billing and payment gateways for businesses.

In 2012, it changed hands, with the Times Group selling it to UAE-based Network International, one of the oldest payment solutions companies in the Middle East.

In 2018, it changed hands yet again, being acquired by Finablr, another UAE-based, and London-listed, payments and forex company. Finablr is perhaps better known as the financial services business of Indian-born businessman B.R. Shetty; it owns forex and remittance companies Travelex (in the UK) and UAE Exchange (in the Middle East and India).

Finablr is perhaps even better known now for an accounting scandal that has seen the

What our readers say
Why subscribers love The Morning Context
Research ideas don't come from a vacuum. The best ideas come from a spark, a contrarian take, an uncommon investigative insight, and one doesn't always get these from traditional media. TMC consistently makes me think about things in different ways, and I've frequently shared TMC articles with collaborators and students. Staying at the cutting edge is hard enough; TMC makes it much easier.
Rohit Chandra, Assistant Professor - School of Public Policy (IIT Delhi)
High quality, independent journalism is rare to find. The Morning Context set really high standards that make me wait for each story.
Abhay Pandey, Managing partner, A91 Capital
Well-written and researched long form reads on a wide variety of topics and a team of veteran journalists - all of this makes my subscription worth it.
Anupam Gupta, Investment research consultant
In today's very noisy and cluttered world, I like that the Morning Context goes below the surface of company PR to deliver fact-based stories on Indian business.
Jessie Paul, CEO, Paul Writer
The Morning Context is my daily opportunity to get smarter about one new company/sector. Discerning analysis, unbiased and approachable.
Miten Sampat, Angel investor & former CSO, Times Internet
In today's polarized world, authentic and unbiased facts are in short supply world over. The Morning Context is a refreshing approach towards truthful, well researched, fearless, and high-quality articles on contemporary topics.
N S Parthasarthy, Co-founder, Mindtree
In a world full of noise, The Morning Context is the calm that stimulates and energises your mind, with stories focused on fact, truth and dogged reportage.
Nikhil Taneja, Co-founder and CEO, Yuvaa
Although it’s a paid subscription, the kind of detailed research and quality of reportage makes it worth every rupee. It’s strength surely lies in having some of the finest journalists writing for it.
Shiladitya Bora, Producer, distributor and founder at Platoon One Films
As one of the early subscribers, I've had the opportunity to witness how quickly the team has grown, the variety of angles covered, and the research in every in-depth story and op-ed.
Amarjit Batra, Managing director, Spotify India
Become a TMC member
Sign up now and get access to our starter collection for free.
SIGN UP