fintech company

Fintech startup Parker, known for its corporate credit cards and banking services for e-commerce businesses, has filed for Chapter 7 bankruptcy. Despite raising over $200 million, the company reportedly shut down abruptly after acquisition talks failed. This leaves its small business customers in a difficult situation regarding access to funds.

Four major investors, including Peak XV and Sequoia, are selling a 4.3% stake in fintech firm Groww, valued at approximately $500 million. This move comes as the lock-in period for pre-IPO shareholders is set to expire soon, potentially releasing shares worth over Rs 81,000 crore into the market.

US-based Silicon Road Ventures and veteran banker Ajay Mahajan have launched a Rs 150 crore fund targeting startups in agentic AI for commerce and retail. The Sebi-registered fund will back early-stage companies in e-commerce, supply chain, fintech, and retail operations, focusing on automated decision-making solutions rather than capital-intensive ventures.

SoftBank's Indian investments took a hit in the January-March quarter, with its portfolio losing over $600 million. Major companies like Swiggy and Ola Electric saw value dips, though Lenskart provided a small gain. This comes as many of SoftBank's recent Indian IPOs face investor concerns about profitability and growth.

The UAE has become the first country to grant a Stored Value Facilities (SVF) license to a cryptocurrency platform, allowing regulated digital asset payments. This landmark approval enables UAE residents to pay government fees using cryptocurrencies, integrating virtual asset payments into the nation's regulated financial system and bolstering its digital economy.

IGNOU’s Campus Placement Cell and IGNOU Regional Centre Mumbai will organise a mega placement drive in Mumbai on May 16, 2026, offering more than 250 vacancies across manufacturing, e-commerce, healthcare, fintech, logistics, banking and HR sectors. Companies including Blinkit, HDB Financial Services, Insta Courier and ImpactGuru will participate. Undergraduate, postgraduate and diploma students, along with alumni and experienced candidates, are eligible to apply. Selected candidates may receive salaries between Rs 25,000 and Rs 45,000 per month.

Aiza Usman, an AI Engineer at Anthropic, shares her journey into artificial intelligence. She moved from Pakistan to the US for studies, focusing on generative models and large language systems. Usman gained practical experience at a fintech startup before joining Anthropic. She highlights the company's commitment to responsible AI development.

Paytm said that there would be no direct financial impact on One 97 Communications, noting that its investment in Paytm Payments Bank had already been fully impaired as of March 31, 2024.

Stock market recommendations: PB Fintech Limited, Tata Power Company Limited, and United Breweries Limited have been picked by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares as the top stock recommendations for April 22, 2026: