CreditVidya, which uses data to provide credit scores for individuals, has raised $5 million in its series B funding round led by Matrix Partners India. The Mumbai-based company’s existing investor Kalaari Capital has also participated in the latest fund raise. CreditVidya co…
Tag: Aditya Birla Finance
How MSMEs can overcome funding & tech challenges
Access to low-cost technology and cheap funds is perhaps one of the biggest challenges faced by the nation’s small businesses. But, even as small businesses across the country go through a bad patch, lenders are willing to take on the risk and give them the support they need. Similarly, technolog…
Banks willing to take on SME risk
Even as small businesses across the country go through a bad patch, lenders are willing to take on the risk and give them the support they need, said experts at an interactive panel discussion at the Surge SME Conclave. “The banking industry has exposure of ₹10 lakh crore in the MSME sector and N…
Alibaba ramps up B2B commerce play in India to aid SMEs
Amid talk of Alibaba’s foray into the consumer-facing e-commerce space in India, the Jack Ma-led Chinese internet behemoth has gone ahead and struck a string of partnerships to prop up its existing business-to-business marketplace venture here in India. Alibaba is partnering with DHL and De…
Snapdeal offers Rs 1,000 crore collateral-free loans to its sellers
Online marketplace Snapdeal is offering collateral-free loans worth Rs 1,000 crore for its sellers, ahead of the festive season to enable them to stock up adequately. The loans would be disbursed through its ongoing programme — Capital Assist — which is now managed by FreeCharge and i…
Small scale firms get lending hand from Paytm, Fincos
Mobile payments and commerce platform Paytm said it has tied up with financial institutions to facilitate collateral-free working capital loans of up to Rs 1 lakh for small merchants and service providers like kirana store owners and auto drivers. Paytm will pass on the credit profile, which is b…
Aditya Birla Finance to fund SMEs | Rakesh Singh, CEO, Aditya Birla Finance
Aditya Birla Finance, a non-banking finance company (NBFC), will foray into unsecured lending with personal loan and business loan segments from January. “We want to focus on personal loans and business loans to SMEs (small and medium sector enterprises). Granular business will be our focus. We w…