December 14th, 2018
Paizabazaar.com which is an online loan marketplace is planning to bring in cooperative banks to its platform. It has been reported that cooperative banks in Ahmedabad have been approached by the portal.
Various bankers stated that it’s probably the first time an online aggregator is looking to offer as many options...
August 9th, 2018Delhi based lending platform Prest Loans raises $2.5 Mn (appr. Rs. 16.5 Crore) debt funding from multiple lenders including AU Small Finance Bank, INCRED, MAS Finance, Northern Arc Capital (earlier IFMR) and other who have been with the company from very early stage itself.
The company has seen 10X growth in lending on YoY basis and...
July 9th, 2018IndiaLends, a New-Delhi based digital lending and borrowing marketplace has raised $10 million (about Rs 69 crore) in a Series B funding round. The funding round was led by ACPI Investment Managers (London-based asset management firm) and Ganesh Ventures (India-focused venture capital firm).
The latest funding round also saw the...
May 31st, 2018Hyderabad-based fintech startup CredRight raises 9 Crore from Accion Venture Lab, YourNest, an early stage venture capital fund along with other individual investors.
Lending platform CredRight provides a loan to unserved and underserved micro, small, and medium enterprises (MSMEs).
The company partners with chit funds, which are...
April 2nd, 2017Grameen Koota Financial Services Private Limited (Grameen Koota) has raised Rs.250 Cr. from its holding company, CreditAccess Asia (CAA), headquartered in Amsterdam, which is the leading multi-country Microfinance operator in India and South-East Asia. Part of the infusion, Rs.50 crore, will be provided in the form of equity and the...
February 1st, 2017It would not be an exaggeration to state that the SME sector is one of the most critical contributors to the growth of the Indian economy. In spite of its large size, and the vital role it plays in the country’s economy, the Indian SME sector suffers on account of adequate financial access. Lack of awareness, poor access to banking...
December 19th, 2016Fintech startup Lendingkart Group expects an exponential rise in working capital loan demand from small businesses and estimates to disburse Rs 1,600 crore by 2017-end through its NBFC arm Lendingkart Finance, a company official said.
The company, which caters to small businesses generating revenues of Rs 1-15 lakh per month,...
December 13th, 2016Indifi 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...
October 25th, 2016Invoice discounting marketplace, KredX has raised USD 6.25 million in Series-A round of funding led by Sequoia India. Company’s existing investor Prime Venture Partners also participated in this round and had earlier invested USD 750,000 in April of this year.
The funding will be used by KredX to strengthen its technology, data and...
October 3rd, 2016Mobile wallet company MobiKwik today announced that it will offer small, short-term personal loans for one-time festive buying, or register for equated monthly instalments (EMIs) from their account.
The loan approval will be done within 30 minutes, and to begin with, loans or EMIs up to Rs 50,000 will be available for...
September 13th, 2016Financial marketplace BankBazaar.com today said it has launched a multi-brand paperless e-KYC platform for instant loan approvals.
This eliminates the need for physical document submission for loan approvals through the companys online platform, BankBazaar.com said in a statement.
This would be available for personal and car...
September 11th, 2016Financial products platform RupeePower expects to grow about 70 per cent this year, clocking Rs 15 crore in revenue as it expands its product portfolio and facilitates disbursal of Rs 10,000 crore in loans.
The Gurgaon-based startup, which had sold a majority stake in the company to eCommerce major Snapdeal in April 2015, has bought...
