A survey conducted across 540 SMEs by the Firstbiz and Greyhound Knowledge Group in 2016 reports, that over 500 SMEs in this country found ‘lack of easy finance and credit instruments’ to be their most critical challenge.
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Tag: NBFC
MSMEs form the largest source of financing, reports KPMG-IMC
The whitepaper examines how several policy interventions along with technology and innovation will continue to play a pivotal role in creating a business-friendly atmosphere for the MSMEs. Different sources of capital are used by MSMEs across their lifecycle, and the traditional banking system st…
Investors stay bullish on fintech bandwagon
Deal activity in the financial services technology (fintech) space continues to remain strong, with start-ups announcing a fund-raise every second week. Since 2012, investors have pumped about $2.35 billion (Rs 15,000 crore) into fintech firms in 325 deals, says data platform VCCEdge. The bulk we…
Mumbai based Niyogin Fintech raises $36m
Niyogin Fintech Limited (earlier known as M3 Global Finance Limited) announced the intention to raise upto Rs 235 crore ($36M) by preferential issue of shares to a group of marquee investors. Equirus Capital acted as the sole financial advisor to the Company for the transaction. Niyogin Fintech …
RBI’s trade receivables system to help MSME sector
While the government is prodding the micro, small and medium enterprise (MSME) sector to drive the economy to its next phase of growth and job creation, the entire sector is grappling with challenges of getting their payments on time. Big corporates, which usually source a part of their products …
Fintech start-up PaySense gets $5.3 m in Series A
Bengaluru: Fintech startup PaySense, which runs a digital credit platform, has raised $5.3 million in its Series-A round, led by Jungle Ventures with Naspers Group and Nexus Venture Partners. The startup had earlier raised $2.3 million from Nexus Venture Partners and angel investors in 2015. PayS…
Unclear norms: P2P lending start-ups face funding woes
Mumbai: The fledgling peer-to-peer lending start-ups, which had been waiting for almost a year for the Reserve Bank of India to lay down the rules of operations, may find the going tougher. While on the one hand, delay in regulations is affecting their fund-raising plans, it is also casting a sha…
Lendingkart offers working capital loans to 1k SMEs in Gujarat
Online platform that facilitates SMEs in obtaining working capital loans through its NBFC ‘Lendingkart Finance’ on April 19 disbursed loans to over 1000 SMEs in the state of Gujarat. The Ahmedabad-based digital lending platform has reached out to SMEs in more than 40 cities in the sta…
FinTech start-up Capital Float gets funding from Mahindra’s NBFC arm
Capital Float which is a digital lending startup has managed to raise $2.3 Million (Rs.15 Crore) from Mahindra and Mahindra Financial Services through non-convertible debentures (NCDs). Previously, in January 2017, Capital Float have raised had raised Rs.17 Crore from IFMR Capital Finance through…
SlicePay acquires Trustio, a P2P lending platform for college students
SlicePay, a Buy Now Pay Later fintech startup which enables college students to avail everyday products and services at flexible monthly payments has acquired Trustio, a New Delhi based P2P lending company giving alumni-backed loans to students and recent graduates, which was backed by Axilor Ven…