Tag: Challenges

Fintech Startups

Indian Startup News on Instagram: “Most people never noticed Cashfree Payments. But for sure, they have used it. In 2015, Akash Sinha and Reeju Datta started Cashfree Payments with one laptop, no big network, and a simple idea: make online payments easier for businesses. Their first breakthrough came from fixing COD payment challenges. Slowly, the company became the invisible layer behind millions of transactions for brands people use every day, including Swiggy, Nykaa and BigBasket. Ten years later, that quiet work has turned into a Rs 1,000 crore revenue business. In FY26, Cashfree grew 55% year-on-year, became EBITDA profitable, and crossed 1 million merchants. The company has also stayed profitable in 5 of its 10 years, while building with under $120 million in total funding. And it isn’t stopping here. “The idea is to grow to Rs 3,000–4,000 crore in revenue over the next two or three years, and then go for an IPO,” co-founder Reeju Datta said. What started as two founders solving a COD problem is now chasing a much bigger goal. #startups #payments #fintech #digitalindia #cashfreepayments #indianstartupnews”

Most people never noticed Cashfree Payments. But for sure, they have used it. In 2015, Akash Sinha and Reeju Datta…

Fintech Startups

Indian Startup News on Instagram: “Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans, and partnering with 30 companies over 4.5 years. Co-founder and CEO Aditya Kumar shared the update on LinkedIn, expressing surprise at the closure. “As a first-mover that saw scale quickly, I did not see this coming. We had done impossible: hired incredible teams, raised high-quality capital, while convincing large consumer internet platforms and industry-leading lenders to work with us to unlock value at scale,” he wrote. Niro reached $100 million in assets under management (AUM) within 24 months of launch and saw over 170 million users flow through its platform at its peak. However, Kumar cited regulatory pushback on personal lending, capital constraints, and challenges in pivoting business models as key reasons for the shutdown. #business #shutdown #entrepreneur #lending #startups #news #bengaluru #indianstartupnews”

Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans,…