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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Upasana Taku, co-founder of MobiKwik, is a key player in India's fintech sector, leading one of the largest digital payment platforms. Established in 2009, MobiKwik aims to enhance financial inclusion through mobile transactions and is set to make a ₹700-crore public listing, marking it as the only profitable fintech entering the market this year.
Investors in Lendbox's P2P lending scheme, operated through MobiKwik Xtra, are raising alarms over alleged disbursements to potentially fraudulent borrowers without adequate disclosure. Prasenjit Dey invested Rs 10 lakh in May 2023, while Deepak Shah put in Rs 40 lakh in June 2023, both facing challenges due to RBI's new regulations that freeze investments.
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13:27 27.11.2024
09:55 23.10.2024
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