NBFC

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

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.

News and Trends

The Digital Lender

. LoanTap has its own SaaS platform called LTFLoW, which enables the company to design and develop customized products.

News and Trends

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.

News and Trends

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

Entrepreneurs

The Gold Loan NBFC

In 2021, the loan asset portfolio of Muthoot Finance exceeded INR 526.00 billion.

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

IAN Invests INR 4.5 Crore In Fintech NBFC Indium Finance

The fintech platform plans to utilize the fund for accelerating the acquisition of new customers, building the product platform to provide customized solutions, ad expanding the sales ad technology teams

News and Trends

Finvu AA Raises $2.5 Million Seed Fund

The fund raised will used to expand the team in engineering, business development and enhance its product offerings