Digital Lending

Saboo, who was earlier the Chief Business Officer at Fibe, has been part of the leadership team for over nine years.

Bajaj Finance eyes 200 million new users via Bharti Airtel partnership, adding to its 97 million base

Bajaj Finance is tapping 200 million Airtel users through a partnership to expand financial product offerings, including loans and EMI cards, via Airtel’s digital and retail network.

As banks go risk-shy, fintechs corner 76% of personal loans disbursed in first half of FY25

The average value of a loan disbursed by fintechs was around Rs 9,200, indicating the predominant share of small-ticket loans

Aye Finance secures Rs 110-cr debt, nears deal with Goldman Sachs ahead of IPO

The Gurugram-based MSME lender looks to hit the primary market soon to raise Rs 1,450 crore from the initial share sale, Moneycontrol reported exclusively

Last few months were tumultuous for lending but we came out unscathed: Kissht founder Ranvir Singh

Kissht, which offers credit to salaried and self-employed individuals, saw a 3.4X jump in FY24 consolidated net profit at Rs 202 crore on a total income of Rs 1,700 crore. Its disbursements surged 54%

Disbursement an expense, collection is revenue: Fintech founders decode realities of SME lending

Despite concerns over unsecured lending, founders at MSME-focused lenders like Mintifi, Flexiloans, and Sarvagram agree that SME lending remains robust, backed by regulatory support, and continues to see strong demand driven by business investment rather than consumption.

BULA Bill: Draft law to crackdown on unregulated digital lending proposes ban and imprisonment

The draft of a bill to ban unregulated digital lending has been shared to seek feedback and comments, which has provisions to impose penalties and imprisonment, and seeks to create an online database of lenders operating in India.

How Sachin Bansal's Navi Finserv reversed RBI lending ban in quick time

Navi’s move to reduce the peak interest rates could also mean that it will naturally reduce its exposure to customers with higher risk profiles and is likely to help the company reduce its NPA during FY 25

RBI removes restrictions on Sachin Bansal's Navi Finserv

RBI said it removed the curbs amid 'the company’s commitment to ensure adherence to the regulatory guidelines on an ongoing basis'

IPO-bound CarDekho’s fintech arm Rupyy looks to disburse Rs 900-1,200 cr in used commercial vehicle financing in FY25

Started in April 2024, Rupyy’s used commercial vehicle lending business has already disbursed Rs 300 crore in loans. The fintech also plans to foray into SME and MSME loans in the next two-five years.

How cybersecurity can ensure safe and swift digital lending transactions

Digital lending in India: Cybersecurity in digital lending isn’t solely the responsibility of the lending platform; it’s a shared duty that involves both lenders and borrowers.

Temasek's Fullerton to pick up controlling stake in Lendingkart for Rs 252 cr

It is unclear how much stake Fullerton Financial Holdings will hold in Lendingkart after the acquisition, as specific percentages have not been disclosed; as of March 2024, FFH owned about 38.16% of Lendingkart Technologies Private Limited (LTPL),

ONDC facilitates first mutual fund transaction, debuts with Nippon

ONDC’s Mehta added that ATX Labs, specializing in AI and data services, and AssetPlus, a wealth management app, will soon join as buyer apps, with more AMCs in the pipeline

Fintech firm FlexiLoans bags Rs 290 cr in Series C funding led by Accion, Nuveen, Fundamentum

This latest infusion brings FlexiLoans’ total equity funding to Rs 636 crore and its debt financing to over Rs 2,000 crore, including a Rs 750 crore Series B round in June 2022 from Fasanara Capital, Maj Invest, Caravel Group, and others.

Lightrock-backed fintech firm Axio raises $20 million from Amazon Smbhav Venture Fund

The Bengaluru-based firm offers loans via its own books as well as in co-lending partnership with banks and other NBFCs besides pay later option and personal finance management.

RBI plans public repository for digital lending apps to address unauthorised practices

RBI Governor Shaktikanta Das said that the domestic economic activities continues to remain resilient

Sachin Bansal’s Navi Finserv raises $38 million from JP Morgan in securitisation deal

This is one of the first such securitisation deals JP Morgan has done with an NBFC in the country with a pass-through certificate transaction in the personal loans space

Who will bell the modern-day loan sharks?

Today’s illegal loan apps are nothing but tech-enabled avatars of the old local moneylenders

Digital lending app Fibe raises $90 million in Series E round

In FY23, Fibe reported a 135 percent jump in operating revenue to Rs 414.3 crore while the consolidated net profit zoomed 9X to Rs 36.3 crore on the back of strong growth in business.

Zomato revives lending ambitions, in talks with multiple NBFCs to give merchant loans

In February, the food aggregator roped in Akshay Gautam from Indifi Technologies, its previous lending partner, as Assistant Vice President (AVP) to lead the initiative.

Loan aggregators to huddle on RBI’s draft rules, fret over losing commissions

These entities have, so far, remained outside the direct ambit of the central bank and were instead under the stewardship of banks and non-banking financial companies they partnered with

Paytm to exit postpaid loans, focus on distribution-only credit model

Paytm aims to focus on a distribution-only credit model, targeting prime and super-prime customers, while also offering larger ticket business loans.

Ummeed Housing Finance closes $70 million round led by A91 Partners at $300 million valuation

The homegrown investment fund A91 Partners is learnt to have put in $45 million, while the rest came in from existing investors such as Norwest Venture Partners.

MC Exclusive: Navi open to external investment for acquisitions, cash cushion for uncertain times: Sachin Bansal

Bansal says Navi is preparing for an IPO in 24 months. The previous attempt was abandoned due to market volatility arising due to macro conditions

Exclusive: Paytm resumes lending with two partners, in talks with Muthoot Finance for fresh tie-up

The development comes almost two months after the fintech temporarily halted new loan disbursements, as its partner banks and NBFCs sought more clarity on RBI’s directive regarding its banking partner entity—PPBL