Fintech
Bengaluru-based Niyo grew operating revenue about 80% to ₹158 crore in FY26 and cut its net loss to roughly ₹33 crore from ₹78 crore, as its focus on international travellers began to deliver operating leverage.
Luxembourg-based ANote Music has raised €2 million led by Seventure Partners and ScaleFund to expand its marketplace for music royalties, which now lists more than 100,000 songs and has recorded over €28 million in cumulative transactions.
Marble, a Paris startup building a no-code, open-source platform for fraud and anti-money-laundering compliance, has raised a €6.5 million Series A led by Smartfin. It runs in more than 100 institutions across 25-plus countries.
India's Supreme Court has declined to pause the Centre's 0.4% merchant discount rate on UPI payments above ₹2,000, but has asked the government to explain the legal basis for the levy. Mobile retailers plan a 'No UPI Day' on 2 October.
Flipkart expects EMI options to account for about one-third of its mobiles, large appliances and electronics sales this festive season, as biometric authentication delivers 12–15% higher payment success than OTPs and cardless EMI gains ground in smaller cities.
India's listed new-age technology companies lost a combined $3.6 billion in market value this week, but 28 of 65 stocks rose, led by Capillary Technologies and Zelio E-Mobility, as investors rewarded fundraising and punished regulatory risk.
Digital lender mPokket has onboarded more than 6.5 million new-to-credit customers, most of them under 25 and from rural and semi-urban India. The company expects lifetime disbursals to exceed $5.5 billion in FY26 and is targeting a loan book above ₹20,000 crore within three years.
New York-based HIFI has raised a $37 million Series A led by Left Lane Capital to scale infrastructure that connects bank rails, stablecoins and tokenised assets, after processing more than $7 billion in annualised volume across 87 countries.
Pine Labs plans to roll out one million cloud-first soundboxes across India to deepen UPI adoption beyond small-ticket payments, as CEO B Amrish Rau says new monetisation levers justify reinvesting in the ecosystem.