Tuesday, March 28, 2023
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Nbfc

LegalPay announced a BNPL product, LegalPay Max, for legal expenses. With LegalPay Max, businesses can avail a credit line upto Rs 50 lakhs for all types of legal and professional expenses

The company plans to utilise the funds for onward lending to the micro-entrepreneurs

The start-up’s pilot ‘Collection Product’ used a tailored and personalised approach to help a Financial services leader achieve a 10% jump in the collection efficiency of loans

Mufin Green Finance 'Mufin' plans to strengthen its retail Electric Vehicle (EV) portfolio for two and three-wheelers (mainly electric-rickshaw and electric-three-wheeler vehicles) across the country

Upwards offers personal loans to salaried professionals through a technology platform offering automated loan underwriting and disbursement process

Clix Capital has targetted an AUM of Rs 5000 crore by the end of this fiscal and Rs 9000 crore by FY25

LegalPay will disburse over Rs 1,000 crore by the financial year 2024

This feature by Finezza will allow non bank financial companies to create limits at the anchor, lender and borrower levels that can solve India’s Rs 40 trillion unaddressed credit gap

According to the report, more than 9000 registered NBFCs in India provide credit services to the underserved sections of the economy

Fintech start-ups are hoping the Union Budget 2023 will have announcements that will mitigate regulatory burdens, provide tax incentives or breaks and offer infrastructure support that will help them thrive