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Posts Tagged ‘ loans ’

RBI allows startups to raise $3 mn a year in overseas loans

Thursday, October 27, 2016 | More »

The Reserve Bank today permitted startups to raise external commercial borrowings (ECBs) of up to USD 3 million in a financial year, a move aimed at boosting innovation and promoting job creation. “The borrowing should be denominated in any freely convertible currency or in Indian Rupees (INR)...


Fin-tech startup co-floated by former Housing.com CFO joins hands with NBFC veterans

Several veterans from the financial services space including Sanjay Nayar, chief executive of KKR India, and Vikram Sud, former head of operations and technology at Citibank, are joining hands with Mumbai-based fin-tech loan company FlexiLoans Technologies Pvt. Ltd with an investment of Rs 100 crore...

7 October, 2016 | More »

Satyam Kumar, CEO, LoanTap

Online lending startup LoanTap raises $3 mn from HNIs

LoanTap Financial Technologies Pvt. Ltd, an online platform that offers EMI-free loans and overdraft products to salaried professionals, has secured $3 million (Rs 20 crore) from Mumbai-based affluent individuals Abhishek Pandey and Jaysukh Sapra, the company said in a statement. The firm will use t...

29 August, 2016 | More »