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The Latest Breaking News from fintech

Kunal Shah net worth and his inCREDible journey to Meta's WhatsApp

Kunal Shah, the visionary behind CRED and FreeCharge, is now the Global Head of WhatsApp. This significant appointment, coupled with Meta's substantial investment in CRED, underscores Shah's remarkable entrepreneurial journey. From his early ventures to building a fintech unicorn, Shah's influence in the startup world continues to grow, now extending…

The Economic Times

Zuckerberg bets on Kunal Shah for WhatsApp’s aggressive financial services, AI push

Meta's WhatsApp is set for a major financial services and AI push with Kunal Shah at the helm. This move aims to leverage AI agents and the Meta AI chatbot to drive growth, particularly in India, a key market with over half a billion users. Shah's appointment signals India's growing…

The Economic Times

Meta's WhatsUpside Down hire: How Kunal Shah broke the Valley playbook

Silicon Valley's AI talent war saw tech giants acquire engineers. However, Meta's Mark Zuckerberg broke the mold by investing $900 million in Indian fintech startup Cred and bringing its founder, Kunal Shah, into WhatsApp's C-suite. Shah, a non-engineer with deep consumer insights, is tasked with boosting WhatsApp's payments and commerce,…

The Economic Times

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Why Meta’s Cred investment matters for WhatsApp Pay in India

Meta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp signals a major push into India's fintech landscape. For Meta, with Shah at the helm, there is a chance that WhatsApp's position in India, its largest market, will go beyond messaging into payments, commerce,…

The Economic Times

Foreign influence increasing over India's fintech sector: GTRI on Meta's investment in Cred

Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of consumer financial-behaviour data, covering credit cards, loans, investments, insurance, and UPI transactions. On the other hand, it said China built its digital payments ecosystem through domestic champions such as Alipay and…

The Economic Times

Intellectual curiosity & infectious optimism: Industry cheers Kunal Shah's new role as WhatsApp Head

India Inc. is celebrating Kunal Shah's appointment as WhatsApp head, hailing it as a milestone for Indian startup leadership. Industry leaders lauded his "intellectual curiosity" and "infectious optimism," noting his unique philosophy background and entrepreneurial journey. Meta's investment in his fintech firm CRED and Shah's deep understanding of consumer behavior…

The Economic Times

Meet Kunal Shah: He once worked as a delivery boy to support family. Now he's set to lead world's biggest messaging platform

Kunal Shah, the visionary behind fintech success CRED and FreeCharge, is set to lead Meta's global messaging giant, WhatsApp. Shah, who previously overcame family bankruptcy by working odd jobs, will transition from his operational role at CRED, where he built a 17-million-member platform. He believes WhatsApp holds immense untapped potential,…

The Economic Times

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Meta hires Indian fintech start-up founder as new WhatsApp chief

Kunal Shah’s appointment comes after Meta invests $900m in his company

The Independent UK

Turtlemint Fintech IPO Day 3: Fully subscribed 1.02x, GMP signals, brokerage views and key details

Turtlemint Fintech's IPO saw strong demand, fully subscribing on its final day with institutional investors showing significant interest. Despite a modest grey market premium suggesting a subdued listing, the company aims to leverage its extensive PoSP network and digital platform for growth in India's underpenetrated insurance sector. Proceeds will fund…

The Economic Times

Meet Kunal Shah, serial entrepreneur and Meta's pick to lead WhatsApp

Indian tech entrepreneur Kunal Shah is set to lead WhatsApp, the world's largest messaging platform, succeeding Will Cathcart. Shah, the founder of fintech unicorn CRED and pioneer of digital payments with FreeCharge, brings extensive experience in building successful tech ventures. Meta's investment in CRED and Shah's deep understanding of user…

The Economic Times

Who is Kunal Shah? CRED founder who sold FreeCharge for ₹2,800 crore, built CRED into a $325M fintech giant, and now set to lead WhatsApp

Kunal Shah, the visionary behind CRED, is set to lead WhatsApp globally following Meta's substantial investment. Renowned for scaling CRED and previously selling FreeCharge for ₹2,800 crore, Shah's journey from humble beginnings to a fintech titan is remarkable. He will transition from CRED's CEO to Meta's global leadership, marking a…

The Economic Times

Cred’s Kunal Shah is WhatsApp’s new CEO

Cred founder Kunal Shah will join WhatsApp as its global head after Meta announced a nearly $900 million investment in the fintech firm. This and more in today’s ETtech Top 5.

The Economic Times

Kunal Shah named WhatsApp global CEO as Meta takes $900 million stake in Cred

Meta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 million in secondary sale of shares by existing shareholders, while the remaining $500 million will be ploughed into the company.

The Economic Times

Turtlemint Fintech IPO Day 2: Issue subscribed 52%; Check GMP and other key details

Turtlemint Fintech Solutions IPO: The issue, comprising a fresh issue of ₹660.7 crore and an offer-for-sale of ₹221.9 crore, is priced at ₹144-152 per share and will close for subscription on June 23.

The Economic Times

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AAP

Festival of Marketing Asia unveils opening keynotes across main stage, B2C and B2B stages

HONG KONG and KUALA LUMPUR, Malaysia and SINGAPORE, June 22, 2026 /PRNewswire/ -- Haymarket Media Asia, publisher of Campaign, today unveiled the opening keynote speakers for the inaugural Festival of Marketing Asia (FoM Asia), taking place on 3 September 2026 at PARKROYAL COLLECTION Kuala Lumpur.

The Economic Times

Singapore-based fintech company Aleta aims to expand operations into India

Aleta Planet, a Singapore fintech firm, is set to enter the Indian market. The company will provide infrastructure for Visa debit cards, enabling quick launches for partners. Aleta also plans to introduce exclusive Sanrio-themed Visa debit and prepaid cards. These collectable cards featuring popular characters aim to attract a wide…

The Economic Times

Turtlemint Fintech IPO Day 1: Retail portion subscribed 10%. Check GMP, brokerage calls and other details

Turtlemint Fintech’s IPO opened to a cautious response, with modest early subscription and stronger participation from retail investors. Muted grey market signals and mixed brokerage views reflect balanced sentiment, while investors remain focused on execution, growth potential and the company’s path to profitability.

The Economic Times

Turtlemint Fintech's Rs 883 crore IPO opens for subscription. Check brokerage review, GMP and other details

The IPO comprises a fresh issue worth Rs 660.7 crore and an offer for sale (OFS) of Rs 221.9 crore, taking the total issue size to about Rs 883 crore. The price band has been fixed at Rs 144-152 per share.

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The Economic Times

Turtlemint Fintech’s Rs 883 crore IPO set to open: GMP, price band & other key details

Turtlemint Fintech Solutions launches its Rs 883 crore IPO on June 19. The price band is Rs 144-152 per share. The IPO includes a fresh issue and an offer-for-sale. Proceeds will strengthen infrastructure and fund growth. Turtlemint simplifies insurance policy purchase and management for customers and advisors.

AAP

Tencent Cloud and China CITIC Bank International Limited Sign Strategic Cooperation Agreement to Accelerate FinTech 2.0 Transformation

HONG KONG, June 18, 2026 /PRNewswire/ -- At Tencent Cloud Day Hong Kong, Tencent Cloud, the cloud business of Tencent, announced the signing of a Strategic Cooperation Agreement with China CITIC Bank International Limited (CNCBI). The agreement, which marks one of the most comprehensive partnerships between a Chinese-funded bank in…

The Economic Times

Mobikwik shares in focus as IPO lock-in expiry frees up stake worth Rs 317 crore for trade

The shares of the fintech platform had made a solid market debut in December, 2024, listing with nearly 59% premium over the IPO price at Rs 442.25 apiece on BSE. This came after the initial public offering (IPO) of the fintech platform that aimed to raise Rs 572 crore saw…

The Economic Times

Fintechs bet big on corporate bonds as retail participation surges

Retail investors are increasingly participating in corporate bonds, with monthly investments surging to Rs 1,500-2,000 crore. This growth is driven by increased advertising, investor education, and a wider range of issuers. Fintech platforms are actively expanding their offerings in this segment, recognizing bonds as a significant growth opportunity.

AAP

Visa and Mintoak Join Forces to Bring Merchant SaaS Capabilities to Acquirers Across Asia Pacific

SINGAPORE, June 17, 2026 /PRNewswire/ -- Visa (NYSE: V), a global leader in digital payments, today announced a partnership with Mintoak, a merchant Software-as-a-Service (SaaS) fintech platform, to enable acquirers across Asia Pacific to strengthen their merchant propositions beyond core payment acceptance.

Barchart

HOOD Stock Layoffs: What to Know as Robinhood Slashes 10% of Jobs

Robinhood shares are in focus as management announces a new wave of layoffs. But these job cuts aren’t really bearish for HOOD stock. Find out more!

Fortune

PayPal winds down venture arm as fintech giant restructures under new CEO

The fintech is exploring the sale of parts of its portfolio on the secondary market.

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