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NBFC FINTECH LENDING
Your next loan may have a non-bank name on itThe landscape of retail lending is shifting as non-bank lenders swiftly embrace smaller ticket personal and consumer durable loans. NBFCs a...- Bajaj Finance acquires 5% stake in TrueFan AI as part of Finserv IntelligenceBajaj Finance has completed a five percent equity investment in TrueFan AI, a move that aligns with Bajaj Finserv's commitment to fostering...
- True Balance scores 100% of loan applications with AI, looks beyond credit bureaus to curb defaultsTrue Balance now uses AI for loan applications, retaining human review for some cases. This approach helps assess borrowers with limited cr...
- JMJ Fintech Q1 net profit rises 72.48% to ₹1.97 crore; AUM surges 82%JMJ Fintech reported a 72.48% year-on-year net profit increase to ₹1.97 crore. Assets under management rose 82.11% compared to the previous...
- AvenuesAI Q1 PAT rises 45 percent; Company positions Rediff, US Payments and AI as next growth enginesAvenuesAI's consolidated revenue from operations more than doubling 109% year-on-year to Rs 2,680.4 crore and profit after tax rising 45% t...
- Stock picks of the week: 5 stocks with consistent score improvement and upside potential of upto 30%Around three months back, there was a trade which was taking place on the street, “sell-software-services-stocks”. Today there are signs th...
- Banks or NBFCs? DSP's Preethi R S explains where she sees the best opportunitiesDSP Mutual Fund’s Preethi R S remains constructive on India’s financial sector, favouring lenders with strong deposit franchises, disciplin...
- Cash flow financing firm GetVantage raises Rs 63 crore in equity, debtMumbai-based GetVantage secured sixty-three crore rupees in a funding round. This capital infusion was led by Rajeev Ahuja and SanRaj Group...
- Mobikwik swings to Rs 7.6 crore net profit in Q1Mobikwik achieved 3.7% revenue growth and its third profit quarter. Lower costs and improved lending margins boosted the company's bottom l...
- SMBC Asia Rising Fund makes follow-on investments worth $12-15 million in three fintech startupsSMBC Asia Rising Fund (ARF) has injected $12-15 million in follow-on investments into Easy Home Finance, Vayana, and DPDzero. These strateg...
- Progcap looks to raise $45 million equity capital in FY28The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth in MSME lending, especially wholesalers and ...
- Fintechs trade the wild west for regulatory licencesIndia's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like P...
- Neobanking startup Fi secures NBFC licence from RBIFi, backed by Peak XV and Temasek, obtained an NBFC licence from RBI for independent lending. Like Jupiter, Groww, and Cred, Fi now offers ...
- Fintech startups crowd NBFC queue to enter credit laneA growing number of fintechs are hoping to play the credit game to keep users sticky and expand revenue opportunities
- How lending-first approach can redefine SME financingFintechs have revolutionised the lending process for small and medium-sized enterprises (SMEs). By leveraging technology, these companies a...
- Revenue-based financing startup GetVantage secures NBFC licence from RBINBFC arm GetGrowth Capital will run the lending operations for GetVantage and dole out financing to small and medium enterprises and new ec...
- Focus on governance, business conduct, data protection: RBI governor to fintechsAt a meeting with fintech firms, RBI governor Shaktikanta Das reiterated that the central bank would continue to adopt a 'participative and...
- RBI rules may force fintech firms to leverage NBFC operationsThis is a shift for the digital lending industry, which has largely focused on growing the lending-distribution platform to show scale and ...
- Enforcement Directorate arrests NBFC CEO in probe against Chinese-backed loan appse was later produced before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad that sent him to 15 days' judicial custo...
- From small to big: The evolution of MSME lending in 2020 and the role of fintechThe Union Minister for MSME, Nitin Gadkari, has outlined a plan to increase the sector’s GDP contribution to 50% from the current 29%, as I...
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