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: Bajaj Finance
‘NBFCs are bankable source of funds for SMEs’
Non-banking finance companies have, of late, become the go-to place for micro, small and medium enterprises in need of funds. Lending to MSMEs had earlier been the forte of banks and NBFCs had a limited role in this segment. But now, this is changing. Enquiries with many small businesses showed o…
It would be important to see how SMEs adjust to demonetisation: Bajaj Finserv
The SME sector continues to see the slow growth that was witnessed even after the note ban that was enforced last November, Sanjiv Bajaj, Managing Director of Bajaj Finserv . Bajaj said that defaults on loans had gone up marginally before the third quarter and that Bajaj Finserv had tightened its…