Fintech startup Jupiter’s plan to acquire a stake in State Bank of Mauritius’ India arm has collapsed after nearly two years of talks due to management changes and shifting priorities.
In the latest instance of an Indian fintech startup pursuing strategic partnerships with traditional banking institutions, neobank Jupiter is in talks to acquire a stake in SBM Bank India, three ...
SBM's new management and the Mauritius government were not keen on the partnership. Jupiter to focus on achieving breakeven ...
Jupiter is in talks to acquire a 5% to 9.9% stake in SBM Bank India for an undisclosed amount The deal has not been sealed yet and the two parties will also need RBI’s nod for the transaction to be ...
Crypto on The Street on MSN
DeFi unlikely to replace traditional banking, says Jupiter president
Jupiter president Xiao Xiao J. Zhu says decentralized finance is expanding quickly but will likely coexist with traditional banking systems.
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