Tiger Global and Microsoft to fully exit Walmart-backed PhonePe via its IPO
Tiger Global and Microsoft are offering up their full stakes in the company, while Walmart is choosing to retain its majority stake and selling up to 45.9 million shares.
Fintech
JPMorgan Chase becomes the new issuer of the Apple Card
Apple expects the transition to take 24 months
Flutterwave buys Nigeria’s Mono in rare African fintech exit
Africa’s largest fintech company, Flutterwave, has acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million, according to people familiar with the transaction. The acquisition brings together two of Africa’s leading fintech infrastructure companies. Flutterwave operates one of the continent’s widest payments networks, while Mono, often described as […]
Even as global crop prices fall, India’s Arya.ag is attracting investors — and staying profitable
Arya.ag, an Indian agritech company offering storage facilities near farms and offering lending services to hundreds of thousands of farmers, has drawn investor interest and remained profitable even as global crop prices continue to fall in a volatile commodities market. The investor interest has taken shape in the latest all-equity Series D round from GEF […]
Google deepens consumer credit push in India with UPI-linked card
Google has entered India’s growing co-branded credit card market by partnering with Axis Bank.
Mesa shuts down credit card that rewarded cardholders for paying their mortgages
Fintech startup Mesa has shut down its Homeowners Card, which awarded points to cardholders for paying their mortgages.
Coinbase starts onboarding users again in India, plans for fiat on-ramp next year
Coinbase is exploring expansion into India with a staggered relaunch and hiring for different roles.
Walmart-backed PhonePe winds down its Pincode app in yet another e-commerce step back
PhonePe has shut down its Pincode app over two years after its debut.