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Aditya Birla Finance, MoneyTap partner to ease consumer lending
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 19 (ANI): MoneyTap, an app-based credit line on Tuesday announced a strategic partnership with Aditya Birla Finance Limited (ABFL), a subsidiary of Aditya Birla Capital Limited, allowing MoneyTap users to avail credit from the latter.
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MoneyTap surpasses one million user downloads
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 23 (ANI): MoneyTap, an app-based credit line announced that it has crossed the milestone of one million user installs. With an aim to serve the lower-middle income group, MoneyTap has now lowered the annual interest rate to 13 percent (down from 15 percent).
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Home Credit India completes first-ever consumer durables loan securitizati
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 22 (ANI-NewsVoir): Home Credit India Finance Pvt. Ltd, one of India's fastest growing non-banking financial company (NBFC) and part of The Czech Republic-based Home Credit Group, has raised Rs. 1.53 billion in a first-ever securitization transaction of consumer durable
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Qbera launches operations in Hyderabad, Pune; to further expand operations
Updated : 8 years, 3 months ago IST
Bengaluru (Karnataka) [India], Nov.16 (ANI): Fintech platform Qbera on Thursday announced the launch of its operations in Hyderabad and Pune as part of the next phase of its regional expansion plans.
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SSG Capital Management acquires equity stake in Cox & Kings subsidiary; Ro
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov.16 (ANI): Investment fund manager, SSG Capital Management (SSG) has through its flagship fund acquired a 34.4 percent equity stake in Cox & Kings' subsidiary Holidaybreak Ltd. (HBR) from existing investors.
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Home Credit India completes second two-wheeler loan securitisation, raises
Updated : 8 years, 4 months ago IST
Gurugram (Haryana) [India], Nov. 7 (ANI-NewsVoir): Home Credit India Finance Pvt. Ltd., one of India's fastest growing non-banking financial company (NBFC) and part of Home Credit Group B.V., has raised Rs. 453 million in another unique two-wheeler loan securitization transaction.
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Aye Finance raises Rs. 32 cr as debt funding from Symbiotics
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 7 (ANI): The innovative lender to micro and small sector, AyeFinance has successfully raised Rs. 32 crores in debt fund from the Geneva based development finance institution, Symbiotics Group.
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Here are four lending platforms that are helping unbanked SMEs
Updated : 8 years, 4 months ago IST
New Delhi [India], November 4 (ANI): Despite being a major part of the Indian economy, Small and medium-sized enterprises (SMEs) in India face multiple challenges.
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Fintech NBFC Prest Loans raises equity from existing investors
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 2 (ANI-NewsVoir): New Delhi based Fintech NBFC Prest Loans recently raised fresh equity from existing investors. It raised about Rs. 37.10 million as per the information provided by the company.
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TAB Capital raises 80 crores in debt from Bank of India, Vijaya Bank, and
Updated : 8 years, 4 months ago IST
New Delhi [India], Oct. 31 (ANI): One of the fastest growing and award-winning Non-Banking Financial Company (NBFC), TAB Capital has successfully raised Rs. 80 crores in debt from Vijaya Bank, Bank of India, South Indian Bank, and MAS Financial.
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OfBusiness secures working capital of Rs. 75 Cr from Kotak Mahindra Bank
Updated : 8 years, 4 months ago IST
New Delhi [India], Oct. 27 (ANI): SME financing and product fulfilment platform OfBusiness on Friday announced securing an additional debt funding worth Rs. 25 crore from Kotak Mahindra Bank.
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TAB Capital strengthens senior management across categories
Updated : 8 years, 4 months ago IST
New Delhi [India], Oct. 23 (ANI): India's fastest growing and award-winning Non-Banking Financial Company (NBFC) TAB Capital has announced appointment of three key leadership positions.
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