Financial Technology

Airpay, a leading fintech company, has introduced airpay money, a pioneering financial wellness platform tailored for India’s underserved middle-income segment, earning between Rs 20,000 and Rs 75,000 monthly. Unlike typical fintech apps centered on transactions or product sales, this platform emphasizes personalized financial education, habit formation, and holistic wellness.

India’s fintech sector raised USD 889 million in the first half of 2025, reflecting a 26% decline from USD 1.2 billion in the latter half of 2024 and a 5% drop from USD 936 million a year earlier, according to Tracxn. Despite this overall slowdown, early-stage investments witnessed a modest revival, rising 10% sequentially to USD 361 million, while seed and late-stage funding contracted. Bengaluru retained its dominance, accounting for 55% of total funding. Notably, acquisition activity increased, highlighting strategic consolidation within the industry.

MobiKwik, a prominent fintech player, has appointed Saurabh Dwivedi as Chief Technology Officer (CTO), elevating him from Senior Vice President of Engineering. Dwivedi will oversee engineering functions spanning payments, financial services, platform infrastructure, and information security, with a strong emphasis on leveraging artificial intelligence to enhance product innovation, collections, and customer experience. Concurrently, Dhruv Wadhera has been promoted to Senior Vice President for Offline Payments, reinforcing the company’s focus on expanding its offline payment footprint.