India's corporate banking sector is significantly lagging behind the consumer fintech market, prompting the launch of Transbnk, which has successfully raised $25 million to address this gap. The startup aims to enhance corporate banking services and improve access for businesses in India.

Revolut is targeting the Indian banking sector by challenging high foreign exchange fees commonly charged by local banks. The fintech company aims to provide more competitive rates and improve accessibility for consumers in the Indian market. This move reflects Revolut's broader strategy to expand its global presence and capture a share of the growing digital finance landscape in India.

UK fintech company Tide has achieved unicorn status with backing from TPG, fueled by the growing demand from India's small businesses. This milestone underscores the increasing significance of small enterprises in driving economic growth and innovation within the fintech sector.

Pine Labs, a fintech company backed by PayPal, has filed for an initial public offering (IPO) in India, capitalizing on the growing boom in the fintech sector. The move reflects the increasing interest from investors in digital payment solutions and technology-driven financial services.