NBFC

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

News and Trends

Annapurna Finance Raises $15 Million In Series A2 Funding

The funds will be used to grow the loan book, invest in technology, expand geographically and further the vision of enabling financial inclusion at scale

News and Trends

BlackSoil NBFC Raises INR180 Crore

Funds will be utilized to fund mid and growth-stage enterprises in the startup ecosystem and for lending activities across a variety of debt products.

Finance

Open API: What's Next?

Can it accelerate the Tech led innovation in the BFSI sector?

Entrepreneurs

Playing By The Book

Chapman looks at creating strong corporate governance protocolsfor better compliance

News and Trends

MyShubhLife Raises INR100 Crore In Series B Funding Round Led By Gojo & Company

The fresh investment will help MyShubhLife grow its NBFC book and increase disbursements through its co-lending partners

News and Trends

MSME Lender Finova Capital Raises $65 Mn Led By Norwest Venture Partners And Maj Invest

Finova plans to utilise the funds to further grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale