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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
Diversification, over time, becomes less of a choice and more of a necessity. In India’s fintech sector, it is often the difference between staying relevant and being edged out. The playbook is familiar—expand into adjacent financial services and then pull them together in an attempt to become a one-stop wealth platform. Seventeen-year-old MobiKwik is following that script.
A couple of weeks ago, the Gurugram-based firm secured the Reserve Bank of India’s approval for a non-banking financial company (NBFC) licence—a milestone that widens its operating scope. With it, MobiKwik can originate, underwrite and lend—both secured and unsecured—directly from its own books, …
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
