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Bottomline: Incofin-backed Save Group back in black in FY24, but profit still a third of FY21

Finance

27 September, 2024

Bottomline: Incofin-backed Save Group back in black in FY24, but profit still a third of FY21

Save Solutions Pvt. Ltd (Save Group), which offers credit in rural areas of India, returned to the black on a ......

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Elevation-backed Aye Finance aims to more than double AUM, triple profit by FY27

Finance

13 August, 2024

Elevation-backed Aye Finance aims to more than double AUM, triple profit by FY27

Aye Finance, a non-banking finance company which lends to micro, small and medium sector enterprises (MSME) in India, aims to ......

SAVE Group snags $13 mn from Incofin, Maj Invest

Finance

22 May, 2024

SAVE Group snags $13 mn from Incofin, Maj Invest

SAVE Group, which offers financial services in rural areas in India through its subsidiaries, Wednesday said it has raised $13 ......

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Affirma Capital lines up another exit from India portfolio

Finance

10 May, 2024

Affirma Capital lines up another exit from India portfolio

Emerging markets-focused private equity firm Affirma Capital has lined up another exit from its India portfolio, as it looks to return capital to its limited ......

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Tano, TR Capital-backed microlender mops up $11 mn in new funding

Finance

13 March, 2023

Tano, TR Capital-backed microlender mops up $11 mn in new funding

A Kolkata-based microfinance institution that counts private equity firm Tano Capital and secondaries specialist TR Capital among its investors has ......

Aye Finance bags $10 mn from responsAbility

Finance

01 December, 2022

Aye Finance bags $10 mn from responsAbility

Lending startup Aye Finance, on Thursday announced that it has raised $10 million via external commercial borrowings (ECBs) from its ......

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Aye Finance eyes turnaround

Finance

30 November, 2022

Aye Finance eyes turnaround

Lending startup Aye Finance aims to post a net profit this financial year, rebounding from a loss last year, on ......

Fintech FlexiLoans raises $90 mn from Fasanara Capital, MAJ Invest, others

Finance

07 June, 2022

Fintech FlexiLoans raises $90 mn from Fasanara Capital, MAJ Invest, others

MSME fintech lender FlexiLoans Technologies Pvt. Ltd has raised $90 million (around Rs 693 crore) in a Series B funding ......

Denmark-based PE firm Maj Invest bets on two-wheeler financier Berar

Finance

22 March, 2022

Denmark-based PE firm Maj Invest bets on two-wheeler financier Berar

Berar Finance Ltd, which runs a two-wheeler-focused financing unit, has raised Rs 100 crore($13 million) in an equity round of ......

Incofin, MAJ-backed Save Solutions acquires regional housing finance firm NHHFDL

Finance

26 November, 2021

Incofin, MAJ-backed Save Solutions acquires regional housing finance firm NHHFDL

Save Solutions Pvt Ltd, a rural-focused financial services group, has acquired New Habitat Housing Finance and Development Ltd (NHHFDL), the ......