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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.
The peer-to-peer lending platform finds itself in a tricky position amid the fintech’s internal issues, the RBI’s intensified scrutiny of P2P lenders and the risky nature of the business.
In May, R, a finance professional with nearly two decades of experience, decided to gradually pull out his funds of over Rs 5 lakh invested in BharatPe’s peer-to-peer lending platform 12% Club. His reasons? One, the public—and often ugly—tussle between BharatPe and its former chief executive Ashneer Grover was making him jittery. And two, his funds were no longer accruing a daily interest of 12%.
R’s concerns peaked on 12 May, when Grover posted on LinkedIn that “BharatPe will be shut down/sold in fire sale overnight like [Silicon Valley Bank].” In the same post, he advised against investing funds with …
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
