India has over 6.3 milion MSMEs, with an unmet credit gap of 120 billion USD. According to 2024 Trans Union CIBIL report, only 2.5 million MSMEs have access to formal credit. MSMEs have a high demand for loans under 1 Lakh also known as small ticket loans. The lending process for such loans is often mired by traditional credit underwriting…
Gurgaon-based automotive fintech company, Nxcar, has launched an integrated platform for pre-owned car transactions in India. For the first time, individual customers can access loans, vehicle inspection, valuation, insurance, and RC transfer services, whether they are purchasing second-hand cars from individual sellers, dealers, or classified listings. With 7.2 million cars expected to be sold in 2024, the Indian second-hand car market…
Good Moneying financial solutions is a boutique financial planning firm, dedicated to fostering financial literacy and empowerment, proudly announces the launch of transformative initiatives aimed at enhancing individuals’ financial well-being. As part of its commitment to empowering people with the knowledge and tools to make informed financial decisions, Good Moneying introduces cutting-edge resources and educational content. The platform seeks to…
Today, one comes across a large number of companies in India offering personal loans to individuals. While some of these are Indian organizations, many of them are foreign companies that have also happened to set up base in India. While every company attracts customers through different services and offers, none of them had really managed to make the process of…
SMC Group, India’s leading financial services company, has announced the appointment of Abhishek Chawla as Group Chief Product and Technology Officer. Over the last one year, SMC has been scaling its technology and product verticals as it continues to invest in the powerful synergy of technology, innovation, and financial services. Abhishek’s appointment is part of this strategy to further enhance…
Applying for a home loan is a big financial commitment – one that usually lasts decades. A home loan allows buyers to finance their purchase without draining their savings or compromising their dream house. However, your home loan planning doesn’t end with choosing the right home loan provider. It involves a lot of financial and budget planning, from selecting a…
NBFC poised to help retail customers to get loans against mutual funds and shares within 24 hours. Karnataka, India – Abhi Loans, a digital lender affording loans on mutual funds and shares across India, has today announced that it has raised $4.5 million in funding for its operations. The funding will be used by the brand to rapidly grow its…
The past couple of months have been financially difficult for Manish. As the family’s sole earner, he found it challenging to manage these expenses alone. From unpaid utility bills and home repair costs to his mother’s medical bills – the expenses were piling up, leaving him stressed about what he should do next. That’s when he came across several emails…
Equitas Small Finance Bank has launched a co-branded prepaid card program in partnership with Neokred Technologies to facilitate PPI programs for the bank and partners in India. The card offerings can be personalized to suit the requirements of corporates seeking to launch their curated version of PPI instruments. Equitas Small Finance Bank, in partnership with Neokred Technologies, has launched ”Equitas…
Qkrishi is focused on building QFinBox the world’s first quantum finance sandbox Gandhinagar, Gujarat: Qkrishi Quantum Private Limited has been authorized as a Fintech Entity by the International Financial Services Centres Authority (IFSCA) at an event held today in GIFT city, Gandhinagar. The letter of authorization was issued to Qkrishi co-founder Monika Aggarwal and the announcement of the authorisation was…