Bank of America picks 49.9% stake Jio Credit for $1.9 billion
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
Explore the latest news, in-depth reports, and executive analysis tagged with #Digital Lending.
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
In this edition, we unpack Paytm's renewed Postpaid push and what has changed since its heyday; and what Sarvam AI's appointment of frontier AI researcher Devendra Chaplot signals...
The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.
British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
We write about MobiKwik’s lending ambitions; and a worrying trend emerging across the technology industry...
Its net profit rose 75% year-on-year to Rs 281.4 crore during the fiscal year from Rs 160.6 crore in FY25.
The company's IPO, which opened last week, was subscribed over nine times overall.
The financial details of the deal, which is subject to regulatory approvals, were not disclosed.
Its listing is scheduled on the BSE and NSE on May 8.
Of the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
Kissht has cut the fresh issue component from Rs 1,000 crore to Rs 850 crore, while OFS portion has also been reduced from 8.8 million shares to 4.4 million shares.
The funding round was led by Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds.
MSME lender Aye Finance's initial public offering (IPO) is set to open for bidding next week, February 9-11.
After regulatory tightening, fintech lending adapted through MSMEs and LAP – creating growth that looks safer, but may not be.
The fresh funding will be used to strengthen the core team, accelerate product development, and execute its go-to-market strategy.
Private market valuations, unsecured loan books and tighter regulation are forcing India's fintech lending companies to rethink their IPO plans…
The RBI's ban on Navi in 2024 marked a turning point for fintech lending. Nearly a year on, the sector is still searching for a restart.
Sep 12th Edition: How Capital Float (now Axio) and Lendingkart, in 2025, found themselves meeting the same fate; and why India’s healthcare is not ready for the AI and robotics revolution yet.