Homegrown microblogging platform Koo is looking for fresh funding or a strategic partnership to further its “next phase of growth,” cofounder Mayank Bidawatka said on Friday.
Despite the government’s push for electric vehicles, banks are reluctant to venture into the EV space due to issues like their resale value. But startups seem to have cracked underwriting EV loans.
Sequoia and Tiger Global-backed fintech unicorn BharatPe has completed its acquisition of 51% stake in Mumbai-based non-bank lender Trillion Loans.
Trillion Loans offers secured and ..
RBI’s lending norms have dealt a blow to many fintechs. An NBFC licence, now, is key to their business.In Sept, the RBI issued guidelines to regulate digital lending operations. The first loss default guarantee model the lifeline of fintech lending was disallowed for unregulated entities
The Delhi-based fintech company, which currently has former SBI chairman Rajnish Kumar at its helm, has secured approval from the RBI to buy out 51% in Trillionloans, one of the people cited above said.