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NBFC

QuiD Cash raises US$4.5m, launches NBFC for SCF

QuiD Cash, a Bengaluru-based B2B supply chain digital lending platform, has raised US$4.5m in equity and lending capital and launched QuiD Capital, its in-house non-banking financial company (NBFC) focused on anchor-led invoice financing. The funding round included new investors and existing...

#invoice financing#NBFC#Quid Capital

CredAble’s NBFC joins SIDBI’s CGTMSE as a member lending...

In a landmark move to enhance credit availability for micro and small enterprises (MSEs), the Ministry of micro, small, and…

#CGTMSE#CredAble#NBFC


Red Fort Capital launches invoice discounting in India

Red Fort Capital Finance Company Private Limited (Red Fort Capital), an Indian Non-Banking Financial Company (NBFC) MSMEs lender, has just…

#bank#Flexible Funding#invoice


RBI allows insurance players to participate on TReDS platforms

Reserve Bank of India (RBI) announced this Wednesday, that all entities that undertake factoring business can participate as financiers on…

#C2FO#NBFC


Indian fintech raises funds to solve finance gap for...

Artfine’s NBFC factoring arm, AP Factors ... (more…)

#funding#NBFC#receivables


State Bank of India joins Yubi co-lending platform

Yubi (former CredAvenue), a unified digital platform that powers the discovery, execution and fulfillment of credit, has partnered with India’s…

#digital platform#financial institutions#NBFC


NBFC sector rebounded in first six months of FY21,...

The non-banking financial company (NBFC) sector rebounded in the first six months of FY21... (more…)

#NBFC


Bill to strengthen regulatory framework of cooperative banks in...

Finance Minister Nirmala Sitharaman introduced in the Lok Sabha a new Bill... (more…)

#banks#Bill#factoring regulation


Aye Finance ventures into supply chain financing

Aye Finance, a new age non-banking finance company, has forayed into supply chain financing... (more…)

#digital#invoice#NBFC


Indian Finance Minister proposes measures to support NBFCs 

The Centre has “comprehensively” dealt with the NBFC crisis... (more…)

#NBFC


Muscat Finance unveils customer’s account ‘irregularities’

One of the largest non-banking financial companies (NBFC) in Oman, Muscat Finance SAOG, has... (more…)

#NBFC#risk


Confident about some of the NBFCs, says HSBC India...

Breaking into a consortium to lend to a good company in India is not just tough... (more…)

#NBFC

Indian company acquires supply chain business to strengthen SME...

...has announced the acquisition of ... supply chain business to strengthen the SME lending... (more…)

#financial services#NBFC#SME lending

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