Mumbai: SIDBI plans to broaden and deepen its scope of lending to small and medium businesses by upgrading its lending portal Udyamimitra. The upgraded portal will put in place a digital financial market place for micro, small and medium enterprises (MSMEs) to leverage the pr…
Tag: NBFC
Digital lending start-up Rupeek sets to raise $12 m in early stage funding round
Bengaluru: Rupeek, a digital lending company offering gold loans, is set to raise about $12 million (about Rs 79 crore) in an early-stage funding round led by Accel Indiaand financial inclusion-focused investment firm Lok Capital, according to two people familiar with the deve…
Why taking an SME loan makes more sense than liquidating your savings?
Small and medium enterprises (SMEs) in India have witnessed tremendous growth over the last few years. The SME sector accounts for more than 95% of establishments in India and is offering 80% of jobs in the manufacturing sector. Considering the pivotal role which the SME sector is playi…
How fintech start-ups can help banks bridge SME lending gap in India
A major challenge that could stymie SME sector growth is the lack of adequate and timely funding
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Lendingkart raises $10.74 m in bridge round, eyes more funding
Lendingkart Technologies Pvt. Ltd, the technology and digital marketing arm of Ahmedabad- and Bengaluru-based fintech startup Lendingkart, has raised Rs 69.02 crore ($10.74 million) in a bridge round. Lendingkart issued 23,294 preferential shares, mainly to existing investors, at Rs 29,634 apiece…
B2B e-Commerce: ‘Empower intermediaries, not eliminate’
B2B e-Commerce is set to undergo a transformation. The new age companies like Power2SME, OfBusiness, Bizongo backed by VCs have approached B2B sector from predominantly eliminating the middlemen perspective. This business model is facing headwinds with respect to credit, recovery, tech adaption e…
Prest Loans expands operations to Rajasthan, targets to disburse Rs 100 cr loans for MSMEs
Prest Loans offers short term or long term loans to Micro, Small or Medium Enterprises (MSMEs) unit according to their eligibility in any kind of business. The Loan tenure is flexible based on the business needs and cash flow analysis.
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Online lending start-up KNAB Finance raises funds from InCred, others
KNAB Finance Advisors Pvt. Ltd, a fin-tech firm that provides unsecured working capital loans to small and medium-sized enterprises (SMEs), has raised a little over Rs 2.5 crore in two funding rounds. Non-banking financial company (NBFC) InCred, and over a dozen individual investors including Min…
‘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…
Alteria Capital to launch India’s biggest venture debt fund with a corpus of Rs 1k cr
Former senior executives of InnoVen Capital, Ajay Hattangdi and Vinod Murali, plan to launch Alteria Capital, touted to be the country’s biggest venture debt fund with a corpus of Rs 1,000 crore. Alteria Capital will have a corpus of Rs 800 crore ($125 million) with a greenshoe option of ra…