NBFC
Varthana Raises USD 15 Mn from BlueOrchard to Transform Affordable Education in Underserved Communities
With the raised funds, the Bengaluru-based brand aims to expand its lending portfolio, providing private schools and vocational students in Tier II and Tier III cities with essential financial support for infrastructure enhancement and skill-based learning initiatives.
Bandhan Group Ventures into IT Sector with Genisys Acquisition
This strategic acquisition aims to enable Bandhan Group to broaden its global presence, adding new operational hubs in the US, UK, and India.
Finova Capital Secures USD 135 Mn in Series E Funding to Expand MSME Financing
The newly secured capital will be directed toward expanding Finova's loan book, investing in technology, and enhancing its geographic footprint.
Moneyboxx Finance Raises INR 176 Cr to Support Micro-Entrepreneurs and Expand to 160 Branches
Moneyboxx aims to expand to 160 branches and reach an AUM of INR 1,300 crore by March 2025, up from INR 730 crore in March 2024.
Northern Arc Capital to Launch INR 777 Cr IPO on September 16
The IPO will remain open for public subscription until September 19, while anchor investors can participate starting September 13.
Clix Capital Raises INR 220 Cr in Equity Funding Led by Existing Investors
The Gurugram-based company plans to utilise these funds to strengthen its lending capabilities across the MSME, education, and healthcare equipment sectors and significantly invest in new-age technologies.
Northern Arc and Sai Life Look To Raise Funds Through IPO: Secures SEBI Green Light
Non-banking credit provider Northern Arc Capital and pharma company Sai Life Sciences, both have filed their respective draft papers with the Indian market regulator Securities and Exchange Board of India (SEBI) for a fundraising of a combined INR 7000 Crore.
The Digital Lender
. LoanTap has its own SaaS platform called LTFLoW, which enables the company to design and develop customized products.
Mufin Green Finance Bolsters EV Financing with LKP Finance Acquisition
NBFC focusing on electronic vehicle (EV) financing, Mufin Green Finance's acquisition will bring in INR 340 crores of equity capital into the business. This increased equity capital will help in building Mufin Finance's green portfolio enabling the alignment with sustainable goals and positively impacting the society.
RBI Rejects Cred's Bid To Raise Stake In NBFC NewTap: Report
Shah and Cred have collectively invested about INR 79 crore in equity capital in Newtap, as per the report
The Gold Loan NBFC
In 2021, the loan asset portfolio of Muthoot Finance exceeded INR 526.00 billion.
Red Fort Capital Raises INR 11.5 Crore Debt Fund
The fund raised will support Red Fort Capital's mission to provide quick business loans to MSMEs and expand its loan book
RBI Approves FLDG Guidelines For Digital Lenders
As per the guidelines, the RBI has decided to permit arrangements between regulated entities and lending service providers or between two regulated entities involving default loss guarantee
FlexiLoans AUM Crosses INR 1000 Crore, Aims To Hit INR 10,000 Crore By 2025
The platform aims to reach INR 10,000 crore in AUM by 2025 and be among the top three pure-play MSME lending institutions in the country
RBI's Receives Around 13,000 Complaints Against Banks and NBFCs
With the piling grievances of financial customers, RBI receives complaints under its new scheme