British International Investment and others to pump in $25 million in Light MicrofinanceBritish International Investment, the development financial institution of the UK government, will be investing $9.2 million in the NBFC-MF...
22 Sep, 2022, 08.54 AM IST
ETtech Deals Digest: India gets its 105th unicornBlockchain startup 5ire became the fastest Indian crypto unicorn after closing a $100 million round from the SRAM & MRAM Group at a $1.5 bi...
15 Jul, 2022, 05.53 PM IST
Fintech startup Sewa Grih Rin raises $20 million in funding led by Norway-based NMIThe company plans to utilise the money to grow its loan book, work towards digitising its offerings and expand operations in Odisha, Jharkh...
13 Jul, 2022, 07.29 PM IST
Svasti Microfinance bags Rs 31 cr from Poonawalla, othersSvasti Microfinance has raised Rs 31 crore from India’s vaccine billionaire Adar Poonawalla and other existing investors Nordic Microfinanc...
11 Mar, 2021, 08.34 AM IST
Satin Creditcare's rights issue oversubscribed even as SBI-promoted fund doesn't take partSBI Emerging Asia Financial Sector Fund, which held 6.37 per cent in Satin, did not take the offer, sources close to the matter told ET.
27 Aug, 2020, 08.44 AM IST
Danish company Maj Invest buys 18% equity in SAVE Solutions for Rs 120 croreSAVE Solutions is a business correspondent for State Bank of India, Bank of India and Bank of Baroda and intends to use this capital to exp...
26 Jul, 2020, 03.16 PM IST
Investors raise stakes in India's microfinance sector despite stress during lockdownThe capital infusion during lockdown is positive for the country's microfinance sector.
01 Jun, 2020, 09.14 PM IST
Satya MicroCapital, Sindhuja Microcredit raise Rs 170 crore from global investorsSatya MicroCapital started its operations in January 2017 and has a network of 150 branches in 22 states. It primarily caters to women who ...
01 Jun, 2020, 04.33 PM IST
Norway’s NMI, Carpediem invest in Delhi-based Sindhuja MicrocreditSindhuja Microcredit has raised $4 million in Series A funding in March 2019 from Carpediem.
11 May, 2020, 05.49 PM IST
Nordic Microfinance Initiative raises its investment in Svasti MicrofinanceNordic Microfinance Initiative (NMI) has raised its investment in Mumbai-based Svasti Microfinance while Michael & Susan Dell Foundation an...
08 Nov, 2019, 08.48 PM IST
Sub-K raises Rs 75 crore funding from Denmark's Maj InvestSub-K facilitates affordable financial services, to more than three million under-banked households and micro-enterprises across India on b...
09 Oct, 2019, 03.58 PM IST
Dvara KGFS raises Rs 70 crore from Nordic Microfinance InitiativeDvara KGFS is spread across 46 districts with 276 branches and more than 1 million enrolled customers.
25 Sep, 2019, 05.39 PM IST
Svasti Microfin gets Rs 34 croreSet up in 2010, the company has a loan portfolio of Rs 255 crore and services 1,41,000 customers in four states through 38 branches.
12 Feb, 2019, 09.42 AM IST
Northeast India’s first small bank, North East Small Finance bank starts operation, Ratan Tata launches the first branch of the bankRashtriya Gramin Vikas Nidhi (North East) Microfinance Limited received the Small Finance Bank License from the Reserve Bank of India (RBI)...
17 Jun, 2018, 07.03 PM IST
BASIX Sub-K raises Rs 350 million from Accion and Nordic Microfinance InitiativeFounded in 2010, Basix Sub-K iTransactions Ltd., is a associate company of BASIX Social Enterprise Group.
21 Mar, 2018, 03.50 PM IST