Fintech
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Opportunity India Desk Dec 20 2023 - 2 min readInternovo Ventures, a collaboration between Interface Ventures and Novostack, has unveiled its cutting-edge fintech platform, Indibook, to streamline record-keeping, accounting, and lending for small businesses. Following the acquisition of Mera Cashier in February 2023, Internovo Ventures has undergone a comprehensive overhaul of the platform's UI/UX, functionality, and features, reintroducing it as Indibook. The ...
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Opportunity India Desk Dec 08 2023 - 7 min readThe Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das on Friday opted to maintain the repo rate at 6.5 per cent following a comprehensive evaluation of the evolving macroeconomic developments. This is the fifth consecutive meeting in which the MPC has chosen to maintain the existing status on the repo rate. ...
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Opportunity India Desk Sep 25 2023 - 2 min readThe Small Industries Development Bank of India (SIDBI) has signed an agreement with the Digital Lenders Association of India (DLAI) to propel the growth of the fintech sector in the country. The agreement calls for cooperation with SIDBI to create standard protocols to hasten the implementation of digital lending partnerships, such ...
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Opportunity India Desk Dec 07 2022 - 3 min readLeading private sector lender IDFC First Bank has joined hands with Micro Finance Institution’s association, Sa-Dhan and fintech solutions provider NextGen, in to bring digital micro finance solutions to millions of feature phone users in the country users, which is around 45 percent of the mobile phone using population and about 94 million beneficiaries under ...
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Opportunity India Desk Aug 12 2022 - 2 min readFintech Industry in India will reach USD 1 trillion, by 2030, says a report by Venture capitalist firm Chiratae Ventures and consulting firm Ernest and Young. In terms of revenue generation, the industry in terms of Asset under Management and USD 200 billion in terms of revenue, a joint report by The report also said ...