Digital lending platform Vivifi India Finance has raise $75 million in a Series B funding round to further extend loans to the salaried class as well as small businesses in India. This latest infusion of capital comprises $15 million in equity and $60 million in… Read More
Read more in: Fintech, Global | Tagged digital lending, fintech, india, nbfc, Vivifi India Finance
The Securities and Exchange Commission of Pakistan (SECP) has initiated a significant step towards refining the regulatory framework for Non-Banking Finance Companies (NBFCs) by proposing amendments to the NBFC (Establishment & Regulations) Rules of 2003. This move, aiming to modernize and streamline the sector, invites… Read More
Read more in: Politics, Legal & Regulation, Asia | Tagged digital lending, nbfc, pakistan
SATYA MicroCapital has reportedly acquired ₹135cr (appr. $18.17 million) in capital. The past year has been quite challenging for non-banking finance companies (NBFCs), especially when it comes to acquiring funds, because of the “liquidity crisis” in the sector following the Covid-19 outbreak. As mentioned in… Read More
Read more in: Asia, Fintech | Tagged india, nbfc, new delhi, rbi, reserve bank of india, sanjay goel, satya, satya microcapital, vivek tiwari
The Small Industries Development Bank of India (SIDBI) and Equifax (NYSE: EFX) have released the second edition of “Fintech Pulse,” a quarterly publication that covers major trends in the fast-growing NBFC (Non- Banking Financial Company) Fintech segment. “Fintech Pulse” plans to offer key insights on… Read More
Read more in: Asia, Fintech | Tagged fintech adoption, fintech lending, india, nbfc, non-bank financial companies, research, Research Report
The Indian government has been asking local banks to work cooperatively with SMEs by providing much-needed liquidity during the COVID-19 crisis. Several local digital lenders and non-bank finance companies (NBFCs) will be offering credit solutions to Indian businesses. U GRO Capital, a Bombay Stock Exchange… Read More
Read more in: Fintech, Asia | Tagged coronavirus, covid-19, digital lending, india, instaloans, lending, nbfc, non-bank financial companies, online lending, smbs, sme's, u gro capital
Moody’s Investors Service avers that the development of domestic securitization markets will help India and China achieve their common goal of building inclusive financial systems that will ultimately bring affordable credit to the underprivileged segments of their societies and which are usually excluded from the conventional banking… Read More
Read more in: Asia, General News, Global | Tagged alternative finance, china, india, lending, nbfc, reserve bank of india, securitization, SME
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