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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.
Despite a surge in cases, most Indian fintech startups have not focused on combating fraudulent user behaviour, safe in the knowledge that investors will keep pouring in money.
Editor's note: A combination of regulatory scrutiny and the ongoing funding slump is pushing fintech founders to prioritize risk management and compliance. While some founders are now becoming less tolerant of frauds, not everyone is willing to change their ways. Globally, fintech deals slowed to $52.5 billion in the January-June period, as against $55 billion in the first half of last year. While the overall fintech funding dropped 14% across the world in the first half of this year, it dipped around 3% for Indian startups, says a report by funding tracker Dealroom.co. Yet, fintech firms in Southeast Asia, Africa and Europe have been able to raise more capital this year compared with those in India and the US, the report adds. The immediate implication of the drop in funding is that venture capitalists are more picky about fintechs they want to invest in. While there is an obvious correlation between dry powder and the need for fresh funds by founders, some venture capitalists are asking tough questions about Indian fintech firms. Discussions about know-your-customer processes, data management and fraud mitigation have …
Despite a surge in cases, most Indian fintech startups have not focused on combating fraudulent user behaviour, safe in the knowledge that investors will keep pouring in money.
Editor's note: A combination of regulatory scrutiny and the ongoing funding slump is pushing fintech founders to prioritize risk management and compliance. While some founders are now becoming less tolerant of frauds, not everyone is willing to change their ways. Globally, fintech deals slowed to $52.5 billion in the January-June period, as against $55 billion in the first half of last year. While the overall fintech funding dropped 14% across the world in the first half of this year, it dipped around 3% for Indian startups, says a report by funding tracker Dealroom.co. Yet, fintech firms in Southeast Asia, Africa and Europe have been able to raise more capital this year compared with those in India and the US, the report adds. The immediate implication of the drop in funding is that venture capitalists are more picky about fintechs they want to invest in. While there is an obvious correlation between dry powder and the need for fresh funds by founders, some venture capitalists are asking tough questions about Indian fintech firms. Discussions about know-your-customer processes, data management and fraud mitigation have …
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
