Saturday, April 27

Tag: Alok Mittal

A Digital Lending Platform Partners with Eko India to Enable Credit Line Services
1Nov By Gauri SinghNo Comments
BUSINESS

A Digital Lending Platform Partners with Eko India to Enable Credit Line Services

Indifi Technologies, a digital lending platform for small enterprises has entered into a partnership with Eko India Financial Services for the purpose of enabling credit line services to Eko’s cash distributors based on their transactions and trading activities through the portal. Following this partnership, Indifi aims to considerably fasten the movement of funds for a massive segment of small and medium-sized cash-based businesses. Eko, through the ‘Connect’ portal works with multiple distributors serving as community cashiers for retailers across the country. This transfers amount on their behalf to customers, suppliers, dependents in their family, or any other intended recipient. Eko has serviced more than 40 million customers as of now. “Our partnership with Eko will further ou...
Read More
Alok Mittal Led Indifi Raises $10m From Omidyar, Existing Investors
13Dec By NitishNo Comments
FUNDING

Alok Mittal Led Indifi Raises $10m From Omidyar, Existing Investors

Indifi Technologies, an enabler of micro, small, and medium enterprises (MSME) financing, has raised USD 10 million in a Series B investment round led by philanthropic investment firm Omidyar Network, established by the founder of eBay, Pierre Omidyar. Existing investors Accel Partners and Elevar Equity also participated in the round. Indifi Technologies, while maintaining its focus on MSME businesses, intends to direct the investments towards furthering its products and technology, it said in a statement today. "Through our current roadmap, we have validated our vertical approach to financing and are now present across travel, e-commerce, retail, and hotel segments. The capital raised in this series will be targeted toward improving our offerings in these verticals," said Alok Mitt...
Read More