Nivasa Finance gets RBI approval for NBFC operations
03 Jun 2026, 02:20 PMThe approval, granted under the NBFC-ND-ICC category, will enable the company to directly offer secured mortgage loans to borrowers.
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Nivasa Finance has received a Certificate of Registration (CoR) from the Reserve Bank of India (RBI), allowing its subsidiary, Nivasa Capital Pvt. Ltd., to operate as a Non-Banking Financial Company (NBFC).
The approval, granted under the NBFC-ND-ICC category, will enable the company to directly offer secured mortgage loans to borrowers who are often unable to access credit through traditional lending institutions, said the company in a statement.
Founded in 2025, Nivasa currently operates a loan distribution and fulfilment platform across non-metro Karnataka, connecting borrowers with more than 10 lending partners, including banks, housing finance companies, small finance banks, and NBFCs. The company said its core intermediation business will continue to remain its primary focus even as it builds a direct lending portfolio through the newly licensed NBFC.
Through Nivasa Capital, the company plans to serve borrower segments that are frequently overlooked by conventional underwriting models. These include households dependent on agricultural income, daily wage earners paid in cash, families facing minor property documentation issues, and multi-generational households with multiple income streams but no single title holder.
Nivasa said it has facilitated hundreds of loans worth over Rs 20 crore and has expanded its presence to 13 districts across Karnataka since launching operations in Mysuru and Mandya. The company combines digital onboarding, lender matching, and doorstep assistance, with customer support available in Kannada to cater to first-time formal credit users.
Nivasa was founded by Samit Shetty, former co-founder of Chaitanya India Fin Credit and ex-MD & CEO of Navi FinServe, along with Hitesh Saraf, who has experience in fintech infrastructure and technology-led underwriting. In May 2026, the startup raised Rs 25 crore in a seed funding round from Prime Venture Partners, Blume Ventures, Whiteboard Capital, and a group of angel investors.
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