Gurugram based fintech platform Aye Finance raises another Rs. 30 crores debt funding from India’s leading public sector bank State Bank of India (SBI). Earlier Aye Finance raises Rs 30 crores as debt financing from BlueOrchard Finance Ltd. Also, this is the second time that the SBI has extended a debt facility to Aye to lend more money […]
Kenya based Tala, the leading global technology company committed to financial inclusion, will bring its popular consumer lending app to India. The expansion was announced along with a new $50 million Series C funding led by Revolution Growth to scale up the success already in progress. Tala has also recently raised an additional $15 million to […]
Indian e-commerce major, Amazon has invested Rs. 144 crore( $22 million) in Capital Float, a platform for lending to small & medium enterprises (SME’s). This is Amazon’s third investment in financial landscape after BankBazaar and Qwikcilver Solutions. Founded in 2013 by Sashank Rishyasringa and Gaurav Hinduja, alumni from Standford University, Capital Floats raised funding round […]
Happy Loans, the platform that connects borrowers from the MSME sector to lenders announced on Thursday that it made the acquisition of Non-Banking Financial Company (NBFC) IFMR Mezzanine Finance Private Limited in order to use the funds of the firm to provide loans to its customers. Consequently to the deal, the NBFC company’s name will […]
Finzy, a peer to peer (P2P) lending platform, announced that it received a first round of pre Series A funding worth $1.3 million from investors in the lending industry. The next round of this Series A funding is projected to complete with additional investments from a pre-selected group of investors in the coming 2 months. […]
Avail finance, an online lending platform based in Bengaluru recently raised $17.2 Mn in a Series A funding round led by Matrix Partners which comprises of both debt and equity. This round of funding also saw the participation of Bhavish Aggarwal and Ankit Bhati, Ola’s co-founders; Binny Bansal, co-founder & CEO of Flipkart; Kunal Shah, […]
Ahemdabad based India’s leading fintech platform Lendingkart raises $87 million (565 crore) from Singapore based investment firm Fullerton Financial Holdings. Fullerton Financial Holdings is a subsidiary of Temasek Holdings (Private) Limited. Lensingkart has also signed a MoU (Memorandum of Understanding) with Fullerton India Capital, a fully owned subsidiary of Fullerton Holdings regarding creating potential initiatives to […]
Digital lending platform Neogrowth today said it has raised Rs 300 crore funding in a round led by Leapfrog Investments by selling an undisclosed stake. Existing investors including Aspada Investment Company and Quona Capital, through Accion Frontier Inclusion Fund, also participated in the round. The company, founded in 2012, is focused on lending to the small business segment and has now […]
Lendingkart Finance on Tuesday said it has raised Rs 30 crore in non-convertible debentures (NCDs) from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV (FMO), a Dutch development bank that invests in growth and frontier markets. This new influx of debt funds will be used towards growing the loan book and expanding the reach of Lendingkart Finance across SME industries, Lendingkart […]
Online money lending platform Lendingkart has recently raised Rs 25 crore debt funding from State Bank of India. In a press release, Lendingkart said that the funding is in the form of cash credit facility which will allow the company to draw the amount over separate tranches as and when required. This investment also marks […]
Peer-to-peer lending platform Faircent has raised $4 million in a Series B round of funding from Belgium based impact investor Incofin Investment Management. The round also saw participation from non-banking finance company Muthoot Fincorp, NY based Elevate Innovation Partners, Japanese investment fund Das Capital, and Singapore-based early-stage investor Starharbor Asia Pte Ltd, a press release […]
Lendingkart Finance Ltd, the NBFC arm of fintech startup Lendingkart has raised around $25 million through debt and equity funding. The company raised this sum between August and September this year in multiple tranches from financial institutions and NBFCs including IFMR Capital, Capital First, Tata Capital Financial Services Ltd (TCFSl) and Manappuram Finance Ltd, as […]