News > ED Freezes Bank Accounts Of 100 Fintech Firms

ED Freezes Bank Accounts Of 100 Fintech Firms

LiveMint | 12/06/2022 04:46 PM | Click to read full article

The Enforcement Directorate (ED) has reportedly asked payment gateways and banks to freeze bank accounts of nearly 100 fintech firms. It was also reported that the regulatory body is summoning these fintech startups based on their connections with Chinese investors.

Pagarbook, Propelld, Progcap, Pocketly and Krazybee are some of the fintech startups whose bank accounts have been frozen by the ED.