Friday’s Biggest Calls on Wall Street Friday’s Biggest Calls on Wall Street Bank of America downgrades SoFi Technologies to neutral from buy The downgrade follows SoFi’ s recent rally. “While we agree the payment moratorium expiry is a positive, we now see the positive fundamental aspects of the story as largely priced in.” Read more…
Banks are eagerly investing in the Internet of Things to improve their operational efficiencies and their level of service to customers. The technology has a significant amount of untapped potential and a diverse set of applications. How can you ensure that your financial institution makes the most effective use of this technology? What advantages does…
New Delhi, June 12 (IANS) After facing the months-long Ashneer Grover saga, fintech platform BharatPe is witnessing some high-profile exits and now, its founding member Satyam Nathani has resigned. Earlier, BharatPe’s chief revenue officer Nishit Sharma and head of institutional debt partnerships, Chandrima Dhar, had quit citing personal reasons. “This is to inform that Satyam…
Bengaluru, June 1 (IANS) Fintech company slice on Wednesday said it has raised $50 million as part of its larger series C round led by Tiger Global, adding that it will use new capital to boost its new unified payments interface (UPI) product. The latest funding round also saw participation from existing investors Moore Strategic…
New Delhi, May 31 (IANS) Ashneer Grover, co-founder and former managing director of fintech platform BharatPe, has advised venture capital and investment firms to first think about “right-sizing” themselves in the wake of current economic slowdown before telling their portfolio companies and startups to do so. Grover’s hard take on VC firms came as several…
New Delhi, April 27 (IANS) In the latest action against fintech companies controlled by Chinese, who had been providing short term loans and were allegedly involved in money laundering, the Enforcement Directorate (ED) on Wednesday said that it has attached assets worth Rs 6.17 crore lying in various accounts, merchant IDs belonging to the accused…
New Delhi, March 3 (IANS) Fintech platform BharatPe on Thursday removed Ashneer Grover’s profile and photo from its website after the company accused him, along with his wife Madhuri Jain, of allegedly engaged in extensive misappropriation of company funds and grossly abusing company money to fund their lavish lifestyles. The About Us page on the…
New Delhi, March 1 (IANS) Ending months-long saga that kept the fintech platform BharatPe in headlines for all the wrong reasons, its Co-founder and Managing Director Ashneer Grover has finally quit minutes after receiving the agenda for upcoming Board meeting, saying that he was being forced to bid adieu to a company he had founded….
New Delhi, Feb 23 (IANS) After fintech platform BharatPe sacked Madhuri Jain Grover, the wife of its co-founder and Managing Director Ashneer Grover, for alleged financial irregularities during her tenure, she posted an audio clip on her Twitter account where her husband and another co-founder Bhavik Koladiya are allegedly heard in a heated conversation. The…
New Delhi, Feb 23 (IANS) After fintech platform BharatPe sacked Madhuri Jain Grover, the wife of its co-founder and Managing Director Ashneer Grover, for alleged financial irregularities during her tenure, she posted an audio clip on her Twitter account where her husband and another co-founder Bhavik Koladiya are allegedly heard in a heated conversation. The…
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