Namaste Credit, a digital marketplace and technology platform for SME loans, has raised $3.8 million in a Series A investment round from Nexus Venture Partners. The company intends to use the corpus raised to grow its geographic footprint, enhance its technology and data analytics platform, and further scale its business. The company also plans to […]
SME loans marketplace Namaste Credit raises $3.8 million Read More »
SMEs seeking bank financing have traditionally had a tough task on their hands in the UAE. However, small steps are being taken to resolve this issue, and optimism is widespread that the situation will improve in line with the country’s Vision 2021 national agenda. James King reports. https://www.thebanker.com/Can-the-UAE-meet-its-SME-funding-challenge-1517475609
Can the UAE meet its SME funding challenge? Read More »
MANDALAY — Myanma Economic Bank will provide some 700 billion kyats (US$520 million) in loans to small and medium enterprises (SMEs) across the country next year. Under the arrangement of the Ministry of Planning and Finance, the loans will be provided at a 9 percent interest rate with a maximum repayment period of three years,
Myanma Economic Bank to Provide SME loans in 2018 Read More »
Former Infosys CFO V Balakrishnan and Rangan Varadan, founder of peer-topeer lending platform MicroGraam, launched Billionloans in March and shortly after raised about Rs 7 crore from an arm of Reliance Capital. In banking, there are two things you look for when you lend money to any consumer. One is his ability to repay and
Indian banks have legacy technologies, says Billionloans founder V Balakrishnan Read More »
MUMBAI: L&T Finance, which recently redefined its business strategy, is headed for a re-rating. Marico chairman Harsh Mariwala, an independent board member of L&T Finance, bought 46,000 shares in the company early this week from open market. With a loan book size exceeding Rs 57,000 crore and pan-India reach with 700-plus points of presence across
Marico chairman Harsh Mariwala buys stake in L&T Finance Read More »
BENGALURU: Payment solutions provider Innoviti has raised Rs 30 crore from Catamaran Ventures and Canada-based New India Investment Corporation. The funding will be focused on expanding the company’s SME loans category. Founded in 2008, Innoviti is the parent company of uniPAY, a patented payment platform that helps merchants enable card payments on various online and
Narayana Murthy’s Catamaran invests in payment firm Innoviti Payment Solutions Read More »
BENGALURU: Payment solutions provider Innoviti has raised Rs 30 crore from Catamaran Ventures and Canada-based New India Investment Corporation. The funding will be focused on expanding the company’s SME loans category. Founded in 2008, Innoviti is the parent company of uniPAY, a patented payment platform that helps merchants enable card payments on various online and
Narayana Murthy’s Catamaran invests in payment firm Innoviti Payment Solutions Read More »