The Budget of FY22 is set up to be a springboard for the transformation that the economy will witness in the next 25 years, with all-inclusive welfare, digital economy and fintech, tech-enabled development at the helm.
Read MoreThe Covid-19 pandemic, breaking out in early 2020, has triggered an unprecedented change in the economic landscape since. The micro, small and medium enterprise (MSME) sector in India realised the full extent of its vulnerability and is yet to return to normalcy. Busineses that are still reeling from the impact of Covid-19 hold high expectations from the Union Budget 2022.
Read MoreIndifi Technologies has collaborated with Google Pay to provide instant loans to eligible small merchants on the Google Pay platform. The biggest challenge that most small business owners face is working capital management and the speed of securing capital to manage it.
Read MoreDigital financial services company Indifi Technologies announced that it has recorded a resurgence in credit demand in the wake of the Covid pandemic. Segments in MSME such as e-commerce and retail saw a very good performance. The growth was bolstered by multiple factors including progressively tightened credit criteria; a cautious customer selection strategy and improving contribution margin.
Read MoreDigital lending has grown rapidly over the past few years. Rapid growth puts pressure at the seams, and some of the harmful effects of fast growth of digital lending expressed themselves last year through lack of compliance with customer protection norms. As a proactive but measured regulator, RBI constituted a working committee to recommend certain guardrails that can allow digital lending to grow in a more orderly fashion.
Read MoreThe funding includes an equity component of Rs 140 crore led by CX Partners and OP Finnfund Global Impact Fund I, and Rs 200 crore in debt financing from Vivriti, Northern Arc, SIDBI, and other lenders, the company said. The company may extend its Series D round by raising more capital, it said. “Indifi is also in advance conversation with select global funds for participation in the Series D raise,” it said.
Read MoreCredit is traditionally understood as a provider’s market. In popular imagery, the customer, an MSME proprietor, stands in the queue whereas the “manager” intently assesses them from behind the desk. The power equation culminates in any rejection being attributed to the customer’s “credit-unworthiness” rather than the provider’s inability to underwrite that credit.We are in midst of a fundamental shift in that ideology.
Read MoreHundreds and thousands of advertisers who use Facebook in India will now be able to apply for loans up to ₹50 lakh at a predefined interest rate of 17-20%. Businesses partly- or wholly owned by women will get an additional 0.2% reduction in the applied loan interest rate, the world's largest social networking site said on Friday.
Read MoreIndifi Technologies announced Rs 35 crore debt financing from IndusInd Bank Ltd, with a guaranty from US International Development Finance Corporation (DFC). These funds are deployed through Rs 35 crore of term loan from IndusInd Bank’s impact investing group to Riviera Investors Private Limited which is Indifi’s in-house NBFC arm.
Read MoreWhen Alok Mittal decided to turn entrepreneur again, after a nearly decade-long stint as a venture capitalist, it was the alternative lending space that attracted him.
Read MoreDigital Lending Space in the country is creating a new buzz. Amidst the traditional ways of banking which result in approval of only 25-40 per cent of loan applications, came the relevance of the digital approach.
Read MoreThe lending sector in India has seen a drastic transformation in the recent past, given the technological advancements that have been witnessed in a decade.
Read MoreTo say that Indians are an entrepreneurial lot would be making an understatement. There is an underlying urge amongst the country’s citizens, even professionals with high-paying jobs at blue-chip companies, to launch their own enterprises.
Read MoreIndian startups aren't afraid of not finding funding anymore but in return they might be giving up stakes in their own companies a lot sooner than they should.
Read MoreVenture capital investments often rely on the hockey-stick phenomenon: a startup initially invests in building the infrastructure and attaining the product-market fit. And then, boom! You sell and collect, scale like a hockey stick.
Read MoreThe Indian fintech industry is one the most promising industry of the decade and it has just got started. And this fact is hardly questionable.
Read MoreBudget 2019: The Narendra Modi government has been striving for financial inclusion for all. The year 2018 also witnessed many announcements aimed at driving financial inclusion.
Read MoreSMEs are the backbone of the Indian industry with 42 million enterprises contributing to 6.11 per cent of the GDP in manufacturing and 24.63 per cent of the GDP to the service sector.
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