
Fintechs Hop On The Licensing Bandwagon
Fintechs are eyeing NBFC licences after RBI directed they must have skin in the game.
Fintechs are eyeing NBFC licences after RBI directed they must have skin in the game.
FIR by Economic Offences Wing alleges sham transactions and embezzlement of ₹71.76 crore by the accused
The company says that the acquisition is in line with BharatPe's vision to be at the forefront of addressing the credit gap for businesses and users across the country.
The development comes months after Koladiya’s departure from BharatPe in August last year.
The fintech unicorn will launch online payment aggregator business upon the receipt of the final authorisation.
CFO Nalin Negi has been appointed as interim CEO.
The BharatPe board had earlier alleged Grover and his family of “extensive misappropriation” of company funds.
A new generation of techpreneurs is building new-age solutions and creating companies valued at well over a billion dollars, helped by massive investor funding.
BharatPe says there is no change in this decision and the company will pursue all steps under the law to protect its right.
The fintech startup has also terminated the services of several employees.