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Detailed stories on technology startups, business and economic current affairs.
Bengaluru-based firm attributes regulatory pushback and a capital crunch as reasons for closing down after four-and-a-half years

Bengaluru-based firm attributes regulatory pushback and a capital crunch as reasons for closing down after four-and-a-half years

The fintech’s NBFC has seen its loan book decline by 92% in just two years and its global ambition has come undone. The company, though, keeps borrowing, restructuring and diversifying.
Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
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.
The fintech’s NBFC has seen its loan book decline by 92% in just two years and its global ambition has come undone. The company, though, keeps borrowing, restructuring and diversifying.
Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
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.