Fintech Brief — March 13, 2026

Today’s Top Stories

1. RBI Launches Digital Payments Awareness Program in Maharashtra

The Reserve Bank of India (RBI) has launched a pilot programme titled “Awareness Program on Digital Payments” to promote safe and widespread adoption of digital payments across the country. The pilot is being conducted in Maharashtra in partnership with CSC e-Governance Services India Ltd, as part of the sixth edition of Digital Payments Awareness Week (DPAW), observed during March 9-13, 2026.

The programme aims to conduct in-person awareness sessions for 10 lakh (1 million) participants in rural and semi-urban areas, carried out by Village Level Entrepreneurs (VLEs). RBI Governor Sanjay Malhotra emphasised the need to maintain trust in digital payment systems and highlighted the central bank’s efforts to enhance customer awareness and protection. The RBI also unveiled a multi-media awareness campaign titled “Thoda Dhyan Se”, encouraging users to remain alert and cautious while making online payments. 1

2. GalaxEye Raises ₹44 Cr in Extended Series A Funding

Indian space-tech startup GalaxEye has raised approximately ₹44.2 Cr (about $4.8 million) as part of its extended Series A funding round from existing investors. Among institutional investors, Mela Venture invested about ₹12 Cr, Rainmatter invested about ₹13.5 Cr, Mounttech put in ₹18 Cr, while Speciale Invest poured in around ₹8 Cr. LV Angel Fund invested about ₹4.8 Cr, while Eraya Capital Fund I, Grand Anicut Angel Fund, and Penmasta Teja Raju each invested roughly ₹2.5 Cr.

According to regulatory filings accessed by Inc42, the startup’s board approved the issuance of 2,424 Series B1 compulsorily convertible preference shares (CCPS) with a face value of ₹10 and a premium of ₹1.82 lakh per share through a private placement. 2

3. Slice Appoints Former SBI Executive to Bank Board

Rajan Bajaj-founded Slice, a fintech startup that recently merged with North East Small Finance Bank to become a regulated bank, has appointed former SBI executive Sreedevi Pillai to its bank board. This appointment comes as Slice continues its transition from a consumer fintech startup to a fully regulated banking entity. 3

4. Mosaic Wellness Raises ₹200 Cr in Funding Round

Health and wellness startup Mosaic Wellness has raised ₹200 Cr primary capital in a funding round from 360One Asset, along with an undisclosed secondary infusion. This significant funding round demonstrates continued investor appetite for health and wellness startups in India, even as the broader startup funding landscape sees cautious optimism. 4

Sources:

  1. https://www.thehindubusinessline.com/money-and-banking/rbi-launches-awareness-program-on-digital-payments/article70736108.ece ↩︎

  2. https://inc42.com/buzz/exclusive-galaxeye-raises-%E2%82%B944-cr-in-ongoing-series-a-funding-round/ ↩︎

  3. https://entrackr.com/snippets/slice-appoints-former-sbi-executive-sreedevi-pillai-to-bank-board-11206239 ↩︎

  4. https://inc42.com/buzz/mosaic-wellness-raises-over-%E2%82%B9200-cr-spring-marketing-capital-makes-partial-exit/ ↩︎