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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.
A crash in lending saw the fintech end the financial year in the red. But its payments business is going strong, and the worst may be over in the loans business.
The worst may be over for MobiKwik. The Gurugram-based fintech company ended the 2024-25 fiscal year with a loss of Rs 121 crore, down from a profit of Rs 14 crore in the previous year. This was despite a 34% increase in its top line, which came in at Rs 1,192 crore for the year ended 31 March 2025. Higher losses are a result of its risky lending business, which has run into trouble over the past year (Read: Post-IPO Mobikwik is walking on a knife’s edge). However, the company now seems to be recovering.
A quick recap …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
