Mwyn Tech, which operates the digital banking platform Freo, has raised debt funding from the Small Industries Development Bank of India (Sidbi), according to ETtech report. The company will utilise the funds for growth into newer categories and segments as well as to expand into new pan-India geographies. Founded in 2015, Freo provides digital banking…
Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs), has entered into a collaboration with Google for having a social impact lending programme with financial assistance up to Rs.100 lakh at competitive interest rates targeted at micro enterprises. A company statement said, “This one-of-a-kind programme…
Fintech lender KreditBee has announced that it has secured Rs 60 crore as part of its Series C funding round from SIDBI’s India SME. KreditBee is for self-employed and salaried professional who can apply for a Personal Loan starting from ₹ 1,000 up to ₹ 2 Lakhs as per their requirement. The platform has previously…
Sudatta Mandal has taken charge as the Deputy Managing Director of Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs). The appointment is for a period of 3 years. Prior to this, Shri Mandal was the Chief General Manager…
The government has appointed Shiva S Ramann as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI), according to PTI report. The appointment is for a period of three years from the date of his assuming the charge or until further orders, a government statement said. In December, Banks Board Bureau, the…
Venture debt fund Trifecta Capital has raised $140 million towards the final close of its second fund, higher than targeted on sustained interest from domestic institutional investors, family offices and large fund of funds such as Small Industries Development Bank of India (Sidbi), according to ET report. “We had announced our first close at Rs…
New Delhi-based Venture debt fund Stride Ventures has secured Rs 85 crore from development financial institution, Small Industries Development Bank of India (SIDBI). The firm says that it will use the funds to strengthen the deployment of Stride Venture India Debt Fund I, its maiden fund. The fund marked its first close in November of…