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MSME

IIFL Finance, Open Financial JV to launch neobank for MSMEs

Finance

03 May, 2022

IIFL Finance, Open Financial JV to launch neobank for MSMEs

Fairfax Financial Holdings Ltd-backed non-bank lender IIFL Finance Ltd and SME-focused neo-banking platform Open Financial Technologies Private Ltd, on Tuesday ......

Kinara Capital raises Rs 380 cr from two new investors led by Nuveen Impact Fund

Finance

19 April, 2022

Kinara Capital raises Rs 380 cr from two new investors led by Nuveen Impact Fund

Small business lender Kinara Capital has raised Rs 380 crore (around $50 million) from two new global investors led by ......

Fino Payments Bank to buy minority stake in New Delhi-based fintech Paysprint

Finance

12 April, 2022

Fino Payments Bank to buy minority stake in New Delhi-based fintech Paysprint

Fino Payments Bank Ltd, on Tuesday said it has approved a minority strategic investment in the fintech startup Paysprint Private ......

Northern Arc, Triple Jump back MSME lender Aye Finance with Rs 75 cr debt

Finance

24 March, 2022

Northern Arc, Triple Jump back MSME lender Aye Finance with Rs 75 cr debt

Fintech platform Aye Finance on Thursday said it has raised Rs 75 crore (around $10 million) in debt financing from ......

Ex-TATA Capital exec joins Moneyboxx as chief risk officer

People

08 February, 2022

Ex-TATA Capital exec joins Moneyboxx as chief risk officer

Non-banking financial company (NBFC) Moneyboxx Finance Ltd on Tuesday said it has roped in Vikas Bansal as Chief Risk Officer. ......

MSME-focused U GRO Capital raises $18.5 mn from Swiss impact investor

Finance

07 February, 2022

MSME-focused U GRO Capital raises $18.5 mn from Swiss impact investor

Fintech platform U GRO Capital Ltd, which is focused on micro, small and medium enterprises (MSMEs), on Monday said it ......

MSME-focused Arthan Finance nets $2.5mn in Dell Foundation-led round

Finance

11 January, 2022

MSME-focused Arthan Finance nets $2.5mn in Dell Foundation-led round

Micro, small and medium enterprise-focused fintech platform Arthan Finance has secured $2.5 million (around Rs 18 crore) in an equity ......

Ward Ferry-backed Niyogin to infuse $14 mn for expansion

Finance

02 November, 2021

Ward Ferry-backed Niyogin to infuse $14 mn for expansion

Niyogin Fintech Ltd, a technology-focused non-bank lender that counts Hong Kong investor Ward Ferry as a key shareholder, will invest ......

Premium
DMI Finance-backed ARC to launch $27 mn maiden distressed asset fund

Finance

02 September, 2021

DMI Finance-backed ARC to launch $27 mn maiden distressed asset fund

Non-bank lender DMI Finance-backed Alchemist Asset Reconstruction Company (ARC) Pvt Ltd has planned to launch its maiden alternative investment fund ......

Premium
AION Capital-backed Clix Capital shifts business strategy post pandemic

Finance

30 August, 2021

AION Capital-backed Clix Capital shifts business strategy post pandemic

Private equity (PE) firm AION Capital-backed Clix Capital has changed its business model to work leaner with more granular and ......