Pushkar Sinha

Razorpay has appointed Mrityunjoy Das as Director, Domestic Payments (Strategic Accounts). In his new role, he will drive growth within the payments ecosystem and strengthen strategic partnerships to enhance Razorpay’s market presence in enterprise segments.   With over a decade of experience in enterprise strategy, client engagement, and digital payments, Mrityunjoy brings proven leadership in advancing financial solutions. His appointment marks a strategic step in Razorpay's mission to deliver tailored, high-impact payment offerings to its clients.   Focused on elevating customer value and scaling Razorpay’s retail payments footprint, Mrityunjoy will play a central role in innovating solutions that align with evolving market dynamics. His leadership is expected to reinforce the company’s commitment to delivering superior service, fostering robust partnerships, and providing seamless customer experiences in the digital payments space.   Previously, he has been part of companies such as Bajaj Allianz Life Insurance, GLOBAL VISION, Info Edge India Ltd., and PayU. #ThePortfolioMagazine #LeadershipUpdate #Razorpay #DigitalPayments #FintechIndia #StrategicGrowth #EnterpriseSolutions #ClientEngagement #PaymentsInnovation #RetailPayments #MrityunjoyDas #FintechLeadership #Partnerships #CustomerExperience #PaymentsEcosystem

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Jio’s Fintech Blitz Is Just Getting Started👇 From UPI and banking to broking, lending, gold, insurance & leasing — Jio Financial Services is quietly building a super app that could rival PhonePe, Paytm & Zerodha combined. With SEBI’s nod for discount broking, a JV with BlackRock, and ₹10K Cr+ in AUM already, JFS isn’t just entering fintech — it’s aiming to dominate it. The question isn’t if Jio will disrupt fintech — but how soon. #JioFinancialServices #Fintech #India #Zerodha #Groww #Reliance #JFS #Broking #UPI #Startups #Inc42 #Fintech #India #Banking

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Paytm’s wealth-tech arm Paytm Money has joined forces with JioBlackRock Mutual Fund to roll out an AI-powered Systematic Active Equity (SAE) Flexi Cap Fund tailored for retail investors. The new fund offer (NFO) opens on September 23 and closes on October 7, with subscriptions starting from just ₹500 through SIP or lump sum. Developed by US-based BlackRock, the SAE fund uses artificial intelligence and machine learning to analyze massive datasets across nearly 1,000 Indian companies, aiming to deliver smarter equity investment decisions. With an indicative expense ratio of 0.5%, the initiative combines Paytm’s digital-first, zero-commission reach with JioBlackRock’s investment expertise, making advanced global strategies more accessible to Indian retail investors. #PaytmMoney #JioBlackRock #MutualFunds #AIInvesting #WealthTech #RetailInvestors #InvestmentStrategies #FintechInnovation #StockMarketIndia #FinancialFreedom #SmartInvesting #DigitalFinance #cxolanes

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ixigo, a traveltech platform, has partnered with Kunal Shah-led CRED to exclusively power flight bookings for CRED’s newly launched CRED IndusInd Bank RuPay Credit Card. Through this partnership, cardholders will now be able to book flights within the CRED ecosystem with ixigo’s flight inventory and technology powering the entire booking experience. Read the full story here:👇 https://lnkd.in/dtidtKQj #traveltech #partnership #fintech #creditcards #company #startup #indianstartupnews

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Weaver Services raises $170 million from Lightspeed, Premji Invest and Gaja Capital Housing finance platform Weaver Services has raised $170 million (around Rs 1,450 crore) in a round led by Lightspeed and Premji Invest with participation from Gaja Capital, as it looks to tap into the growing demand for the affordable housing segment with a focus on self-employed individuals. Moneycontrol was first to report about Lightspeed and Premji Invest leading Weaver Services' large-ticket fundraise, exceeding $140 million, on July 28. The investment will accelerate Weaver's asset acquisition, fund technology development, and expand reach across tier-2 and tier-3 cities where the affordable housing gap, as per the company, is the most acute. The company, which has already acquired Capital India Housing Finance for Rs 267 crore, will acquire more companies as it looks to scale its loan book and capture a larger share of the market. “We aim to make housing finance more accessible to the people of India by leveraging technology and placing customers at the centre of our focus thereby bringing in a new paradigm in the space,” said Satrajit Bhattacharya, Founder and Vice Chairman of Weaver Services.Satrajit Bhattacharya Bhattacharya is an industry veteran with three decades of experience at HDFC Ltd. As part of his relationship with the bank, its former chief Keki Mistry also has invested some money in the company, Moneycontrol had reported earlier. by Tushar Goenka https://lnkd.in/g-X4d644

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We are looking to make a significant move at Zaggle. We are expanding beyond our stronghold in B2B to enter the consumer fintech ecosystem. We are in advanced stages to acquire Rio (pending execution of definitive agreements), a Bengaluru-based fintech startup specialized in UPI payments and co-branded consumer credit cards. Why this matters? Rio’s expertise will enable us at Zaggle to offer credit cards to our existing 3.2 million+ users already connected through our 3,400+ corporate clients. This is not just an extension of our product line, it’s a strategic milestone that marks our entry into the rapidly growing consumer credit card space via UPI. Rio brings deep expertise in UPI solutions and consumer credit cards, with differentiated product offerings. This move aligns with our vision to drive stronger loyalty, engagement and value for millions in our ecosystem. While the transaction is subject to final agreements and conditions precedent, our intent on direction is clear. We are excited about unlocking new opportunities and delivering innovative financial solutions that meet real consumer needs. Link to full article in the comments below.

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🚨 Digital lender Zype raises Rs 90 Cr led by UNLEASH Capital Partners. AI-led digital lender Zype has secured ₹90 crore in Series B funding led by UNLEASH Capital Partners, with Xponentia Capital also participating. The startup plans to use the capital to expand its credit and payments offerings, grow in Tier II and III cities, and build a profit-first, sustainable lending model. Founded in 2023, Zype has already become profitable, serving 3 lakh+ borrowers and disbursing ₹1,300+ crore in loans, targeting India’s emerging salaried class with urgency-driven credit. By Sayan Sen Read more: https://lnkd.in/dhdHJ7Vs #FintechIndia #DigitalLending #ZypeFunding #Tier2Tier3Growth

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WhatsLoan-046 Bharat Series Sept 2025 BNPL as Convenience Commerce 1. Why RBI is Restricting BNPL RBI’s stance is shaped by risk, regulation, and consumer protection: • Unsecured Lending in Disguise: BNPL looks like a simple checkout option, but in reality it extends credit without the safeguards of a loan (no KYC, no credit bureau reporting in some cases). • Weak Oversight: Payment aggregators were running quasi-lending operations without NBFC licenses or RBI approval. • Systemic Risk: If left unchecked, millions of micro-loans can build up hidden credit exposure outside regulated lending channels. • Consumer Protection: Customers may not realize that delayed payments incur penalties, or that defaults impact their credit. Hence, RBI treats BNPL as lending rather than just a “convenience commerce and payment option.” 2. Why BNPL Can Feel Like “Convenience Commerce” (30–90 Days) • For short-term deferrals (15–90 days, single payment), BNPL resembles a checkout convenience, like “pay at delivery” or a free grace period. • These are usually zero-cost to customers, funded by merchant discount rates (MDR) or fees. • From a consumer’s perspective, it feels like commerce facilitation, not debt. But the catch: even this short-term exposure involves the BNPL company advancing money to merchants and carrying repayment risk, which is credit in regulatory terms. 3. When BNPL Becomes Like Credit Cards (Up to 12 Months) • When repayment is structured into EMIs (3–12 months), BNPL mirrors credit card EMI products. • RBI expects: • Credit bureau reporting • Interest/charges disclosure • Regulatory capital and provisioning (like banks/NBFCs) • This aligns BNPL with regulated revolving/term credit products. 4. Beyond 12 Months → Treated as Unsecured Lending • Anything beyond 12 months clearly ceases to be “short-term convenience.” • It becomes a personal loan in EMI disguise, needing: • NBFC license or partnership with a regulated lender • Standard loan agreements • Fair lending practices (APR disclosure, collections framework) 5. The Regulatory Logic • 0–90 days → Convenience commerce (but RBI still cautious, since money is advanced). • 3–12 months → Treated like credit cards/consumer durable loans, with EMI structure. • 12+ months → Pure unsecured lending, only permissible through NBFC/bank partnerships. In effect, RBI is saying: If it looks like credit, designed like credit, and carries repayment risk, it must be regulated as credit.

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Housing finance platform Weaver Services has raised $170 million in a funding round led by Lightspeed and Premji Invest with participation from Gaja Capital. The funds will be used to acquire assets, improve technology and expand into tier-II and tier-III cities. Founder and Vice Chairman Satrajit Bhattacharya also announced Viswanathan N (Vishy) as the new Chief Financial Officer (CFO) of Weaver. Read full article link in the comment 👇 #weaverservices #housefinance #funding #startupnews

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Varun Sridhar, CEO of Paytm Services, has stepped down after a five-year tenure, during which he helped shape Paytm’s financial services arm and scaled Paytm Money into a profitable business. Sridhar joined Paytm pre-IPO, leading initiatives in mutual fund SIPs, digital gold, and secured lending products. He plans to explore new ventures in wealthtech, AI-driven education, or take a sabbatical before returning to the startup ecosystem. #paytm #varunsridhar #ceoexit #fintechindia #paytmmoney #leadershipnews #startupindia #executivechanges #wealthtech #digitalfinance #fintechnews #businessnews #entrepreneurship #indianstartups #leadershipupdate #corporatenews #startupecosystem #financialservices #careertransition #executiveleadership

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