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Indifi raises $35M to expand digital lending to more small businesses
Indifi Technologies, an Indian startup offering digital lending to small and medium businesses, has raised $35 million in a new funding round led by ICICI Venture, the investment arm of ICICI Bank. Existing investors, including British International Investment, OP Finnfund Global Impact Fund I, Omidyar Network India, Flourish Ventures and CX Partners also participated in the all-equity Series E…
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Fintech lenders find comfort in the steady cash flow of humble corner shops
Fintech lenders find comfort in the steady cash flow of humble corner shops
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BENGALURU: Fintech lenders focused on small businesses are finding comfort in the steady cash flows of corner shops selling groceries, milk and medicines, even as Indian economy slowly reboots itself from the Covid-19 pandemic-led lockdown phase.
Most fintech lenders are focusing on servicing existing clients and in the process turning off the funding tap for new borrowers. The only…
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IAN and Indifi Technologies collaborate to launch fund for startups during COVID-19
IAN and Indifi Technologies collaborate to launch fund for startups during COVID-19
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NEW DELHI: In the face of COVID-19 where startups are facing unprecedented challenges with fund raising, Indian Angel Network, in partnership with Indifi Technologies, has announced the launch of a Growth Stage Debt Fund to help IAN portfolio companies get working capital. The move is aimed to provide growth debt capital to support startups to pull through the slowing economy & continue…
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Corporates miss vendor payments, bill discounting platforms see red
Corporates miss vendor payments, bill discounting platforms see red
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Invoice discounting platforms – which help SMEs monetise long-dated trade bills and promissory notes – have started seeing ‘repayment delays’ against the backdrop of the nationwide lockdown. Several large corporates which have issued ‘bills of credit’ are now demanding additional 30 to 60 days to honour their commitment.
According to leading players in this segment, repayment has been…
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