Wednesday, July 24, 2024
Outlook India
Outlook Business


RBI-registered non-banking finance company (NBFC) VIVIFI India Finance offers sachet sized loans to customers who have the ability and intent to repay

The fourth public issue of its secured non-convertible debentures at a face value of Rs 1,000 each will open on January 30, 2024

The partnership has enabled Capital Now to onboard its customers faster, reducing the overall turnaround time for digital loan disbursement by 25 per cent over their incumbent solution

The collaboration will focus on extending loans to MSMEs across India

Wint Wealth Group enabled over 53,000 investors to invest in fixed deposits, corporate and sovereign gold bonds, and bond baskets worth over Rs 1300 crore is backed by Red Fort Capital

This funding brings the total raised by the digital lending platform to $11.6 million in equity including the last round in September 2022

This is the NBFC's highest-ever quarterly fundraise since its inception in 2016

The non-banking financial company’s net profit before tax for the quarter stood at Rs 13.58 crores and its income was Rs 92.96 crores

The partnership will help in financing solar solutions like solar rooftops, EPC services, and other innovative solar products for new-age customers that are consciously adopting sustainable and natural modes of energy