MUFG Bank invests over $230m in Indian fintech DMI Finance

It has serviced over 11 million customers as of end-2022.

MUFG Bank is investing INR19.1b (over $231.7m) in India-based digital fintech company DMI Finance.

DMI Finance is a non-babk financial company (NBFC) focusing on consumer digital lending in India. It is positioned to become an important NBFC player in India, MUFG Bank said in a press release announcing its investment.

ALSO READ: MUFG Bank launches branch in India’s GIFT City

The fintech is noted for having a partnership model, providing fully digitalized personal loans and POS loans where the entire application and origination process is completed online within partners’ ecosystems.

As of December 2022, DMI Finance has provided credit to a cumulative total of 11 million customers.

Follow the link s for more news on

DMI Finance

MUFG

Also Read

HSBC invests $100m in MSME finance platform Funding Societies

GoTyme, foodpanda launch flexible loans to MSMEs

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Over half of banking executives struggle with data silos: report

This is due to technological barriers and cost constraints.

Information Technology

5 hours ago

Australian banks' credit risk rises amidst high debt, economic uncertainty

National Australia Bank reported an 8.1% decline in cash earnings.Australian banks face heightened risk of rising credit losses as high household debt levels, elevated interest rates, and global economic uncertainties continue, according to S&P Global Ratings.

Retail Banking

5 hours ago

Visa launches new products to boost flexibility, security in APAC

It also partnered with QR payment providers across the region for cross-border payments.Visa has introduced several new products and services aimed at enhancing payment flexibility and security in Asia Pacific.

Cards & Payments

6 hours ago

State Bank of India taps SG-based APIX for fintech innovation platform