fintechs: Multiple fintechs impacted with RBI’s order against SBM India
Several Indian fintechs continue to be impacted by the Reserve Bank of India’s order earlier this week asking State Bank of Mauritius (SBM) India to stop all transactions under the liberalised remittance scheme (LRS) until further orders.Big names in the fintech space bearing direct impact of the RBI move include neobanking fintechs Niyo and Zolve, which was started by former TaxiForSure cofounder Raghunandan G, US-stock investment platforms such as IndMoney and Vested Finance, multiple industry leaders, people working…