Fintech
25 recent notes from companies in this sector. 5 companies tracked.
Pine Labs PAT jumps fourfold to ₹20 cr in Q1
Revenue rose 20% to ₹737 crore, and the fintech posted its fourth straight profitable quarter. Adjusted EBITDA margin held at 17.1%.
Pine Labs Q1 revenue up 20%, PAT jumps fourfold to ₹19.57 cr
Revenue at ₹736.92 cr, within guidance. International revenue rises 21%. A predictable quarter for the newly listed fintech.
Pine Labs Q1 revenue up 20%, PAT rises fourfold to ₹20 cr
Pine Labs reported ₹737 crore revenue for June quarter, tracking the lower end of its FY27 guidance, with international revenue up 21% and profit after tax rising fourfold to ₹20 crore.
Zaggle signs Daimler India fleet deal, but the price tag is blank
Daimler India's fleet partners will use Zaggle's Zatix platform and corporate credit card programme under a three-year contract. No fixed contract value has been disclosed, echoing Zaggle's recent deals with Canara Bank, HPCL, and PNB.
EbixCash gets UPI — ₹2 cr monthly volume is thin
Ebix's prepaid wallet is now on BHIM UPI, but with only 1.4M users and ₹2 cr in monthly transactions, it's a small step against a backdrop of legal troubles.
Pine Labs loses Setu chief weeks after DPI investor day
Anand Raisinghani, President & CBO of Pine Labs' Setu division, exits July 17. His departure comes weeks after Setu was featured at the company's investor day, raising questions about continuity.
Turtlemint's FY26 revenue jumps 66% to ₹1,098 cr, Q4 turns profitable
First audited post-IPO results show strong growth but full-year loss of ₹184 cr. March quarter profit of ₹3.12 cr. Clean audit opinion.
Turtlemint's first post-IPO numbers: revenue soars 66% but losses remain deep
FY26 audited revenue at ₹1,098.28 crore vs ₹662.71 crore a year ago; net loss narrows marginally to ₹184.27 crore. Clean audit opinion sets a baseline for the newly listed company.
Zaggle empanelled by Canara Bank, no revenue terms disclosed
Two-year empanelment effective June 30, 2026 opens a channel to offer Zaggle's products to the bank's customers, but carries no guaranteed minimum revenue or order size.
Zaggle lands HPCL loyalty deal, but the cheque is blank
Five-year partnership with India's second-largest oil marketer to power Drive Track Plus rewards. Revenue is entirely usage-based, so the potential is real but the number isn't there yet.
Suvidhaa Infoserve's ₹12 cr rights issue dilutes 20% of market cap
The nano-cap fintech firm's board approved a rights issue worth 20% of its ₹60 cr market cap. Existing shareholders face significant dilution. BSE and NSE also fined the company for a compliance lapse.
Suvidhaa Infoserve board meets June 30 to weigh fund-raising
A nano-cap with ₹57 cr market cap and tumbling revenue signals a potential equity infusion. No quantum or method disclosed yet.
NPST lands UPI TPAP order from Maharatna PSU, but value stays under wraps
The small-cap fintech will serve as Technology Service Provider on a SaaS model, generating recurring revenue. But no financial terms disclosed, leaving the materiality unclear against its ₹3,291 cr market cap.
Zaggle signs 5-year PNB cobrand deal, no revenue terms
The fintech can sell PNB's retail card to its corporate clients, but the filing discloses no guaranteed revenue or minimum commitment.
Pine Labs says gift card breakage not at risk from RBI rules
The company denies a speculative entrackr.com report, stating breakage income belongs to partner brands and has never been a material revenue or profit component.
Pine Labs maps growth in gaming, employee benefits, US at Investor Day
Presentation reaffirms FY27 guidance of 21-23.5% revenue growth; new vectors add colour but no material surprise.
Pine Labs lets AI agents shop and pay without you
The payments platform launched P3P, a UPI-based protocol letting AI agents complete purchases autonomously after a one-time consumer mandate.
AvenuesAI wins UAE central bank license to sell retail payment services directly.
The in-principle approval lets its subsidiary offer a full suite of digital payment solutions in the UAE, moving beyond a restricted service role.
Angel One names Ajit Narayanan as CTO, reshuffles tech leadership
The mid-cap broker has a new technology head effective June 2026, while its former Group CTO shifts to an individual contributor role under the GCEO.
AvenuesAI admits AI adoption is slower than promised
Revenue doubled to ₹8,116 crore, but management conceded its core AI growth thesis was misjudged and reversed its lending strategy.
Mobikwik lands RBI approval for offline payment aggregator license
The fintech firm can now scale its physical merchant network, including Soundbox and EDC machines, targeting a tenfold increase in business by FY28.
Pine Labs targets 21-23.5% revenue growth for FY27
Management expects to hit the lower end of its guidance despite Q4 headwinds that cost the company up to ₹20 crore.
Pine Labs posts first full-year profit as transaction volumes hit $194B
Net profit of ₹113 crore marks a ₹258 crore swing from last year's loss. Revenue grew 19% to ₹2,711 crore as UPI volumes surged 68%.
Pine Labs posts first full-year profit as cash flow surges 8x
The payments processor swung from a ₹145 crore loss to a ₹113 crore profit in FY26, with operating cash flow hitting ₹395 crore.
Mobikwik is carving out its ₹261 cr lending business
The company is moving its lending services to a subsidiary as a regulatory requirement to secure its own NBFC license.