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CREDRIGHT FUNDING
NBFC CredRight raises $10 million in round led by Abler NordicThis is the first investment from the recently closed fifth fund of Abler Nordic (formerly Nordic Microfinance Initiative). Existing invest...- CredRight raises Rs 78 crore from Michael and Susan Dell Foundation, Blacksoil and YourNest among othersCredRight, which focuses on financial inclusion by providing much-needed institutional debt capital to MSMEs in Tier 3 and 4 towns, will ut...
- How GeNext and new entrants are working to upgrade chit fundsThe sector is facing competition from alternative savings/investment products, which are better packaged and marketed more aggressively.
- Who killed the chit fund? Poor-friendly savings scheme falls to bad PR, strict regulationThe Rs 35,000-crore chit fund industry – which runs mostly on cash — is living in constant fear of coming under the income tax scanner.
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