All News and Announcements
Mahindra Finance & IBM Collaborate to Drive Financial Inclusion With Super App
This app will enable consumers from both metropolitan and non-metropolitan areas to have continuous digital access to avail and manage products & solutions in a secure, streamlined, and simple manner.
Google Plans to Join India’s BFSI to Fuel Financial Digital Journey
This partnership encompasses AI integration, SME solutions, enhancing online safety, fostering local collaborations, and more. Google Pay’s introduction in response to the government’s invitation strengthened financial inclusion.
AISECT’s Financial Inclusion Division Partners With Major Banks Including SBI
Through this partnership, a total of new 666 SBI banking kiosks have been established, each one placed to strategically provide accessible banking services to underserved regions across India.
Symbiotics Investments Fosters Education in India Through an Education-Focused Social Bond With Varthana
Varthana finances affordable private schools and students with affordable school and student loans, customized to enable schools and students to unlock their full potential.
India: B20 Task Force Identifies Key Priority Themes for Global Financial Inclusion
The B20 task force on financial inclusion for economic empowerment has identified 11 key themes around gender and diversity, reducing cost of borrowing for underserved segments, harnessing power of BCs, intervention of agriculture and rural segments, cross border payments and more.
Incofin India Progress Fund Invests $4.3 Million in Varashakti Housing Finance
The series A funding comes from Incofin India Progress Fund, a private equity fund launched in 2021. As of June 2023, Varashakti Housing Finance offers home loans, home improvement loans, loans against poverty and small ticket business loans.
FMO and Finnfund Back SATYA MicroCapital With $35M to Make Formal Finance More Accessible to Women in India
The funds have been earmarked to fund women and youth financing, thereby promoting gender equality and female empowerment.
MicroVest Invests $10 Million in Annapurna to Support Financial Inclusion for Women in India
The $10 million MicroVest investment in Annapurna microfinance aims to promote economic inclusion in underserved rural communities, with a specific emphasis on empowering women in India.
Symbiotics Launched a $7M Green Bond With Mufin Green Finance, India
India’s leading Electric Vehicle financing non-bank financial company has recently raised $7 million green bond arranged by Symbiotics Investments to strengthen its retail Electric Vehicle portfolio for two and three-wheelers across the country.
Svasti Microfinance Raises $5M From IIX's Women's Livelihood Bond 5, the World's First Orange Bond Issuance
Mumbai-based Svasti Microfinance has received $5 million through Non-Convertible Debentures from Singapore-based Impact Investment Exchange's Women's Livelihood Bond 5, the proceeds of which will go toward empowering women through income-generating activities.