Latest news with #FinTechs
News18
2 days ago
- Business
- News18
Flipkart Secures RBI's NBFC License To Offer Direct Loans To Buyers And Sellers
Last Updated: Flipkart becomes first major ecommerce to get the RBI licence to work as an NBFC. Flipkart has successfully secured a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI), allowing it to facilitate lending business independently. This license allows Flipkart to provide loans directly to both customers and sellers on its platform. It marks a pivotal moment in the e-commerce journey that has so far depended on third-party. Flipkart Finance Private Limited received its registration certificate in March 2025, making Flipkart the first major Indian e-commerce firm to gain such authorization. Currently, Flipkart collaborates with financial institutions like Axis Bank and IDFC First Bank to offer consumer loans. The new NBFC license enables Flipkart to independently enter the lending market. Flipkart is reportedly planning to offer loans directly via its e-commerce website and its fintech application – Walmart acquired a majority stake in Flipkart in 2018 at a deal worth $16 billion. Flipkart's move into direct lending is anticipated to enhance its profitability while improving financial services for its extensive user base. The company plans to integrate lending solutions into its e-commerce platform and the Super Money fintech app, offering personal loans and credit options to both buyers and sellers. A PwC report highlights that India's lending market has grown significantly over the past five years, from FY18 to FY23, with a CAGR of 14.8 percent. From FY21 to FY24, the number and value of loans disbursed by FinTechs have increased dramatically, with a CAGR of 81% (from 1.72 crores to 10.19 crore) and 46% (from INR 0.47 lakh crore to INR 1.46 lakh crore), respectively. The growth is attributed to innovations by FinTechs, leveraging technology to expand their reach, automate operations, and improve credit access. PwC report states that a significant majority of digital lending, amounting to 96% of the value of disbursed digital loans by FinTechs, has been in the form of personal loans – predominantly below INR 5,000. First Published:
Hi Dubai
08-05-2025
- Business
- Hi Dubai
Emirates NBD to drive innovation as Premium Banking Partner at Dubai FinTech Summit 2025
Emirates NBD to unveil a new report looking at industry trends and emerging technologies across the FinTech landscape, offering industry-leading insights into leading innovations in the sector Ongoing partnership underscores Emirates NBD's position as a key player and innovator in the regional FinTech ecosystem Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, today announced its participation in Dubai FinTech Summit 2025 as the Premium Banking Partner. This ongoing partnership underscores Emirates NBD's position as a key player and innovator in the regional FinTech ecosystem, reflecting its unwavering commitment to advancing innovation and shaping the future of finance. Held under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, and President of Dubai International Financial Centre, the Dubai FinTech Summit 2025 will take place on 12-13 May at Madinat Jumeirah, Dubai. Organised by the Dubai International Financial Centre (DIFC), the summit will feature global leaders, innovators and policymakers who will share insights and transformative ideas, heralding a new era in the FinTech industry. During the summit, Emirates NBD will unveil a new FinTech landscape report showcasing how Emirates NBD is using AI and innovation to help shape the UAE's FinTech landscape, focusing on industry trends and emerging technologies. The report will offer valuable insights into Emirates NBD's experiences and successes with FinTechs and strategic partners to accelerate and de-risk innovation for positive business outcomes. As Premium Banking Partner of the event, Emirates NBD will have an extensive stand with a packed agenda of events taking place, including; live podcasts and panel sessions with industry and Emirates NBD internal expert guests, Channel 4 Radio hosts broadcasting live on stand, the FinTech World Cup finale taking place on day two of the event and featuring a member of the third cohort of the National Digital Talent Incubator (NDTI)® program and finally, the main stage panels and fireside chats with Emirates NBD senior leaders. The bank will also sign significant Memorandums of Understanding (MoUs) with leading FinTech companies at the event, further solidifying its commitment to collaboration and innovation. Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, said: Emirates NBD is committed to fostering innovation by nurturing a dynamic FinTech ecosystem and shaping the future of finance through strategic partnerships and cutting-edge solutions. Our participation in Dubai FinTech Summit 2025 as the Premium Banking Partner highlights our commitment to spearheading FinTech innovation through collaboration with the stakeholders, including accelerators and startups, while consistently delivering exceptional value to our customers. 2024 partnerships Building on the success of its participation in the summit in 2024, Emirates NBD continues to leverage strategic partnerships to enhance its offerings and contribute to the growth of the FinTech industry. Last year, the bank signed several MoUs, including: Chainalysis joins Emirates NBD's Digital Asset Lab: Chainalysis, a leading blockchain data platform, joined Emirates NBD's Digital Asset Lab to enhance security, compliance, and innovation in the digital asset space. The Digital Asset Lab, announced during the 2023 Dubai FinTech Summit, serves as a hub for accelerating cutting-edge solutions and innovations. Chainalysis, a leading blockchain data platform, joined Emirates NBD's Digital Asset Lab to enhance security, compliance, and innovation in the digital asset space. The Digital Asset Lab, announced during the 2023 Dubai FinTech Summit, serves as a hub for accelerating cutting-edge solutions and innovations. Collaboration with NIUM for cross border payments: This collaboration with NIUM, a global payments platform, has enabled Emirates NBD to offer seamless, instantaneous cross-border transfers between the UAE and the world. This collaboration with NIUM, a global payments platform, has enabled Emirates NBD to offer seamless, instantaneous cross-border transfers between the UAE and the world. Partnership with NewBridge: Emirates NBD Capital partnered with NewBridge, focusing on effectively addressing multiple friction points endemic to the current loan market structure. This partnership aligns with Emirates NBD's collaborative approach to innovation. At the upcoming 2025 event, Emirates NBD will be announcing further strategic partnerships and sign MoUs with leading FinTech innovators. Held under the theme 'FinTech for All', the third edition of Dubai FinTech Summit is expected to draw over 8,000 attendees and 300 speakers from more than 100 countries, and over 1,000 investors alongside top decision makers, thought leaders and experts. News Source: Burson
Forbes
21-04-2025
- Business
- Forbes
What Can FinTech Learn From The UAE's Rise As The Next Hotspot?
Founder & CEO of Excellent Webworld. A tech innovator with 12+ years of experience in IT, leading 900+ successful projects globally. The United Arab Emirates (UAE) is shaping up to be the world's next FinTech hub, and this should not come as a surprise. Initiatives like the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) have boosted foreign direct investments (FDI) in the financial sector. In fact, according to UAE government records, the region ranks second globally in terms of FDI. Many of these FDIs are from FinTech startups performing incredibly well. For example, the UAE FinTech market is projected to reach $3.56 billion in 2025 and $6.43 billion by 2030, growing at a CAGR of 12.56%. In comparison, the United Kingdom FinTech market is expanding at a CAGR of 10%. The difference between the markets is clear, but there's more. As the CEO of a tech company that creates FinTech solutions, I have closely followed innovations in the financial services sector over the years. Providing FinTech solutions to clients in the MENA region has given me more profound insights into the regulatory framework. In this article, I'll discuss what the UAE is doing right and highlight some critical lessons tech professionals can learn from their example. The UAE has a strategic advantage in FinTech, with massive innovations like generative AI and blockchain transforming financial operations. UAE FinTech startups like Warburg AI are already transforming financial transactions by focusing on innovating cryptocurrencies. Many such startups are looking to transform the FinTech market in the UAE, and these startups and enterprises are gaining more traction. Alongside the AI boom, FinTech companies in the UAE are taking advantage of the regulatory haven established by the local government. Arif Amiri, the chief executive at the Dubai International Financial Centre, states, 'By giving FinTechs in the UAE a holistic, dynamic ecosystem with an independent regulatory and English Common Law judicial system and global financial exchange, start-ups can be better equipped to promote their innovative solutions and expansion plans to investors.' The cost of starting a business in the UAE is lower than in other hubs like London, which is a primary reason FinTech companies are thriving there. Startup costs in the UAE are reduced due to the availability of free zones, such as the DIFC and ADGM. Furthermore, licensing costs in the UAE range from AED 10,000 to AED 50,000, while in London, they can vary from £1,500 to over £5,000. Additionally, FinTech businesses in London must navigate complex regulations imposed by the Financial Conduct Authority (FCA), which raises their overall expenses. The UAE also offers a 0% corporate tax rate for eligible businesses in free zones. For those outside the UAE, there's still a lot to learn. For example, if your FinTech company provides specific financial services recognized by the local government, it might also be eligible for VAT exemptions. The regulatory framework in the UAE mandates that multiple licenses be obtained for your FinTech business, supervised by ADGM, DIFC and the Central Bank of the UAE. ADGM issues the Financial Services Permission (FSP) permits. It also provides category 3 and 4 licenses for FinTech companies with a minimum capital requirement of USD 10,000. At the same time, DIFC provides an Innovation Testing License (ITL), which generally takes 5 to 15 weeks for approval. The Central Bank of the UAE regulates key financial services such as payments and cryptocurrency activities. Therefore, you need to obtain a license from the Central Bank to facilitate transactions on your platform. However, if you are not based in the UAE, regulatory compliance and licensing laws can differ. This is why it's crucial to identify the applicable laws and licensing guidelines specific to your business location. For example, in the U.S., you must submit AML/KYC compliance documents to FinCEN. The UAE government is implementing essential initiatives, such as integrating the AANI payment systems with India's UPI. This enables cross-border payments and assists FinTech startups in providing financial services across the Asian subcontinent. Apart from government initiatives, private players in the UAE are also making progress in facilitating cross-border payments. A recent collaboration between e& Enterprise and PayPal is one such initiative that will support FinTech businesses in the UAE over the next three years. Moreover, startups can also take advantage of the emergence of the GCC RTGS (Gulf Cooperation Council Real Time Gross Settlement System, also known as the Afaq Payment System). For businesses outside of MENA countries, overcoming the challenges of cross-border payments can be challenging. However, if you are one such business, you can implement specific systems to enable real-time cross-border settlements. You can also add multiple payment methods like ACH, wire transfers and digital wallets to ensure seamless payments. The UAE's strong investment and funding ecosystem creates more opportunities for startups. In 2024, "the UAE led the region with $1.1 billion raised across 207 startups, followed by Saudi Arabia ($700 million in 186 deals). Startups can use the UAE's funding ecosystem to secure funds and innovate rapidly. This supportive environment for startups is already helping the UAE's FinTech sector grow. There has been a notable shift among global investors, and the UAE has reaped the benefits. For example, significant investors like Kevin O'Leary have already relocated to the UAE. This shift is expected to heighten the investment appetite for startups. Even if you aren't ready to move your FinTech operations to the UAE, there are other ways of improving financial services. A key aspect that tech professionals need to follow is local regulatory frameworks. Each region has different regulatory frameworks, and proper compliance can lead to more secure financial operations. So, invest in innovation, collaborate with local government authorities and enhance compliance. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Yahoo
24-03-2025
- Business
- Yahoo
High Growth Tech Stocks in the US for March 2025
The United States market has experienced a flat performance over the last week but has shown an 8.1% increase over the past year, with earnings expected to grow by 14% annually. In this environment, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation and potential for expansion in line with these positive earnings forecasts. Name Revenue Growth Earnings Growth Growth Rating Super Micro Computer 20.31% 30.44% ★★★★★★ TG Therapeutics 26.18% 37.61% ★★★★★★ Alkami Technology 20.45% 85.16% ★★★★★★ Travere Therapeutics 28.43% 65.01% ★★★★★★ AVITA Medical 27.74% 55.36% ★★★★★★ Clene 61.16% 59.11% ★★★★★★ TKO Group Holdings 22.48% 25.17% ★★★★★★ Alnylam Pharmaceuticals 22.76% 58.08% ★★★★★★ Lumentum Holdings 21.55% 119.67% ★★★★★★ Ascendis Pharma 32.36% 59.79% ★★★★★★ Click here to see the full list of 240 stocks from our US High Growth Tech and AI Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Endeavor Group Holdings, Inc. is a sports and entertainment company with operations in the United States, the United Kingdom, and internationally, and has a market cap of approximately $13.76 billion. Operations: Endeavor Group Holdings generates revenue primarily from Representation ($1.69 billion), Owned Sports Properties ($2.99 billion), and Events, Experiences & Rights ($2.53 billion). The company operates across multiple regions, including the United States and the United Kingdom, focusing on sports and entertainment sectors. Endeavor Group Holdings, despite recent challenges including being dropped from major indices, is on a trajectory to profitability with expected earnings growth of 32.49% annually over the next three years. This anticipated shift from a significant net loss of $782.41 million in 2024 to profitability underscores potential resilience and adaptability within its operational strategy. Moreover, while current revenue growth projections of 4.8% yearly lag behind the broader U.S. market average of 8.4%, Endeavor's strategic focus on diversifying its entertainment and media services could enhance its market position as industry dynamics evolve. Click here and access our complete health analysis report to understand the dynamics of Endeavor Group Holdings. Gain insights into Endeavor Group Holdings' historical performance by reviewing our past performance report. Simply Wall St Growth Rating: ★★★★★☆ Overview: Q2 Holdings, Inc. offers digital solutions tailored for financial institutions, FinTechs, and alternative finance companies in the United States with a market capitalization of approximately $4.81 billion. Operations: Q2 Holdings generates revenue primarily through the sale, implementation, and support of its digital solutions, amounting to $696.46 million. The company's offerings are designed for financial institutions, FinTechs, and alternative finance companies within the U.S. Q2 Holdings, with a focus on enhancing digital banking platforms, has shown resilience and adaptability in the tech sector. The company reported a substantial reduction in net loss to $38.54 million from $65.38 million year-over-year and an increase in annual sales to $696.46 million, up from $624.62 million previously, indicating a recovery trajectory despite its current unprofitable status. Recent strategic alliances, like with Alloy for fraud monitoring solutions and enabling 4Front Credit Union's digital transformation, underscore Q2's commitment to integrating cutting-edge technology and expanding its service offerings within the financial sector. These initiatives not only enhance user experience but also position Q2 favorably for future growth in the competitive digital banking landscape. Click to explore a detailed breakdown of our findings in Q2 Holdings' health report. Examine Q2 Holdings' past performance report to understand how it has performed in the past. Simply Wall St Growth Rating: ★★★★★★ Overview: TKO Group Holdings, Inc. is a sports and entertainment company with a market capitalization of $25.66 billion. Operations: With a market capitalization of approximately $25.66 billion, TKO Group Holdings generates revenue primarily from its UFC and WWE segments, contributing $1.41 billion and $1.40 billion respectively. Amid the dynamic tech landscape, TKO Group Holdings has demonstrated robust financial improvements and strategic market positioning. The company's transition from a net loss of $5.3 million to a net income of $31 million in the fourth quarter underscores its operational turnaround. With annual sales escalating from $1.67 billion to $2.80 billion, TKO is not just recovering but thriving with an anticipated revenue target between $2.93 billion and $3 billion for 2025. This growth trajectory is further supported by their recent inclusion in various S&P 500 indices, reflecting enhanced investor confidence and market validation of their strategic initiatives within the high-growth tech sector. Unlock comprehensive insights into our analysis of TKO Group Holdings stock in this health report. Review our historical performance report to gain insights into TKO Group Holdings''s past performance. Click through to start exploring the rest of the 237 US High Growth Tech and AI Stocks now. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:EDR NYSE:QTWO and NYSE:TKO. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Associated Press
19-03-2025
- Business
- Associated Press
Stable Sea Secures $3.5 million Funding to Provide Global Stablecoin Offramping
Led by Kindred Ventures, the funding round provides companies a seamless way to programmatically convert stablecoins into local fiat across global markets. SAN FRANCISCO, March 19, 2025 /PRNewswire/ -- Stable Sea, a stablecoin liquidity and orchestration company that facilitates stablecoin offramping to global markets, today announced a $3.5 million funding round led by Kindred Ventures with participation from Ludlow Ventures, DFS Lab, The Venture Dept. and The Fintech Fund. The funding will be used to further Stable Sea's mission of providing efficient, cost-effective and compliant stablecoin offramping solutions. In 2024, the annualized transaction value for the stablecoin industry reached $15.6 trillion, demonstrating its significant role in the global financial system. As regulations become clearer, stablecoins are poised to enable new, more efficient use cases for global payments, remittances and institutional settlements. However, the complexity, opaqueness and cost of converting stablecoins to local fiat currency still remains a challenge for companies and a necessity for end users. Stable Sea was created to address these problems and help companies access deep pools of digital asset liquidity to seamlessly offramp stablecoins. The company was founded by a team of seasoned colleagues with extensive experience in fintech, crypto and payments infrastructure. The team's deep understanding of this space and technology, coupled with their firsthand experience of similar challenges, led them to create a solution that provides companies with the necessary dashboard tooling, orchestration and access to compliant liquidity to enable seamless stablecoin conversion to local fiat. 'Stablecoins speed up global treasury movements for institutions and improve cross-border payment experiences for FinTechs,' said Tanner Taddeo, CEO of StableSea. 'Yet folks still need local fiat for day-to-day business, product, or operational needs. While the technology exists piecemeal, the infrastructure linking digital and traditional financial systems is still evolving and access to liquidity remains a challenge. At Stable Sea, we equip Fortune 500 companies, FinTechs, and startups building in stablecoins with the tools to off-ramp programmatically worldwide — bridging both financial systems and unlocking access to deep, compliant liquidity.' 'We're proud to invest in Stable Sea because stablecoins can't go mainstream without seamless, reliable liquidity. Moving between stablecoins and local currencies is still too costly and clunky, slowing down adoption,' said Kanyi Maqubela, Managing Partner at Kindred Ventures. 'Stable Sea is changing that by making the process frictionless, which has the potential to open up entirely new use cases. We're excited to back their vision and see the impact they'll have.' To learn more about Stable Sea and our design partner program, visit or contact the crew directly at [email protected]. For the latest updates and information, follow us on X and LinkedIn. About Stable Sea Stable Sea provides the simplest way for companies to off-ramp stablecoins, globally. We enable businesses to programmatically convert stablecoins into local fiat across global markets, ensuring deep liquidity, last-mile payout efficiency, and regulatory certainty. By simplifying access to stablecoin liquidity, we empower financial innovation and unlock new opportunities in the global economy. About Kindred Ventures Kindred Ventures is a leading VC firm that backs visionary and relentless founders building the future using technology and science. With a sharp focus on seed and early stage, Kindred has backed more than 100 industry leaders across AI, climate tech, fintech, Web3, healthtech, tools & infrastructure, and consumer tech. Most notable portfolio companies include: Uber, Coinbase, Color Health, Perplexity, Postmates, Poshmark, Tonal, dYdX, Magic Eden, Humane, and Tala. Kindred Ventures was founded in 2014 by Midas List investor Steve Jang, who manages the $600 million AUM fund with Managing Partner Kanyi Maqubela. The firm is based in San Francisco, CA. For more information, visit
