* Peer-to-peer lending platform Faircent.com today said it has raised USD 1.5 million from media company BCCL.
The P2P platform, which caters to retail and business segments, has raised the money from Brand Capital, the ad-for- equity investment arm of the company, a statement said.
"More people need to be made aware of the alternate investment opportunity that we provide and this will help us take a step closer to provide easier and cheaper access to the credit market in India," Faircent Founder and Chief Executive Rajat Gandhi said.
Faircent has over 6,000 and 26,000 registered lenders and borrowers, respectively, and disbursed loans of Rs 6.5 crore in the last two years, the statement said.
* * * * * Kotak Mahindra Bank ties up with Flipkart * Kotak Mahindra Bank (KMB) and Flipkart have entered into a tie-up which the private lender's mobile banking application will have the e-commerce major's mobile site.
The special tab will help the bank's customers to avail specially-curated deals, and convenient checkouts as required fields on their shipping address get filled up automatically and ensure faster payments, KMB Chief Digital Officer Deepak Sharma said.
Stating that the bank is seeing a faster traction on mobile banking, he said the lender is targeting to get half of its mobile banking users to shop using the app, for which it will be announcing more such tie-ups in the future.
* * * * * Shivalik Bank to sell LIC insurance policies in a tie-up pact * Shivalik Bank has tied-up with LIC to sell life insurance products of the country's biggest insurer across its branches.
"Shivalik Mercantile Co-operative Bank announces its strategic bancassurance partnership with the country's largest life insurer in public sector, Life Insurance Corporation of India," the bank said in a statement.
The tie-up arrangement was signed by Shivalik Bank MD&CEO Suveer Kumar Gupta and Suparno Chakravorty, Regional Manager North Central Zonal Office Kanpur, LIC.
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