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FINJA's Impact and Approach to Offer Digital Credit to SME/MSME Segment under NBFC regime

FINJA’s Impact and Approach to Offer Digital Credit to SME/MSME Segment under NBFC regime
On Wednesday 23rd December, FINJA the new-age fintech company hosted an exclusive event in Islamabad to discuss its impact and approach in digitizing credit for the SME/MSME segment under the NBFC regime. The Chairman Securities and Exchange Commission of Pakistan (SECP), Mr. Aamir Khan, graced the occasion as the Chief Guest.
2020 has been a defining year in FINJA’s history and SECP has played a pivotal role in this regard. Under the Non-Banking Finance Company (NBFC) regime, FINJA has been able to introduce a new entity “Finja Lending Services Ltd.” (FLSL) with a focus to provide digital credit to Micro, Small, and Medium Enterprises (MSMEs) along with short-term business loans for SMEs and start-ups and the people that they employ. ....

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SECP to Promote Alternate Financing Solutions: SECP Chairman

SECP to Promote Alternate Financing Solutions: SECP Chairman
Finja, venture capital-backed fintech, secured the approval under the first cohort of SECP’s Regulatory Sandbox.
To highlight the impact of P2P lending and the potential of technology for efficient credit disbursement and expanding financial inclusion, Finja organized an exclusive event here on Wednesday. The Chairman SECP, Aamir Khan was the Chief Guest.
Speaking at the occasion Aamir Khan said that the SECP has placed significant focus on serving the Micro, Small and Medium Enterprises (MSMEs), as they play a vital role in the economic development of any country.
To improve access to finance for the MSMEs, Agri borrowers and rural enterprises, SECP has already operationalized the Secured Transaction Registry (STR), which went live on April 30, 2020. ....

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