Vayana: Supply chain finance startup Vayana bags NBFC licence, set to raise $20 million

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Pune-based supply chain finance startup Vayana has received a non-banking finance company (NBFC) licence from the Reserve Bank of India, two people in the know said.

Jupiter and Cred are the other fintech startups which have received a lending licence from the central bank.

While Amica Financial, the parent entity of Jupiter, got a fresh NBFC licence in April 2023, Cred, founder Kunal Shah, acquired Parfait Finance, another NBFC, in 2021 to start the lending business.

ET had reported in 2023 that Uni Card and One Card, two well-funded fintech startups,…



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Vayana: Supply chain finance startup Vayana bags NBFC licence, set to raise $20 million


Pune-based supply chain finance startup Vayana has received a non-banking finance company (NBFC) licence from the Reserve Bank of India, two people in the know said.

Jupiter and Cred are the other fintech startups which have received a lending licence from the central bank.

While Amica Financial, the parent entity of Jupiter, got a fresh NBFC licence in April 2023, Cred, founder Kunal Shah, acquired Parfait Finance, another NBFC, in 2021 to start the lending business.

ET had reported in 2023 that Uni Card and One Card, two well-funded fintech startups,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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