CredFlow Gets NBFC Licence, To Expand Credit Offerings For SMEs

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Fintech SaaS startup CredFlow has received a non-deposit taking NBFC licence from the RBI. The startup operates its NBFC arm through its group entity Cashpositive Finance under the brand name CashFloat.

Prior to receiving the licence, CashFloat was disbursing loans through its partners. With the NBFC licence, it will lend independently. In a statement, CredFlow said this would enable faster approvals, custom credit products, program-based underwriting, and full control from acquisition to collections. 

Following the RBI approval, CredFlow…



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CredFlow Gets NBFC Licence, To Expand Credit Offerings For SMEs


Fintech SaaS startup CredFlow has received a non-deposit taking NBFC licence from the RBI. The startup operates its NBFC arm through its group entity Cashpositive Finance under the brand name CashFloat.

Prior to receiving the licence, CashFloat was disbursing loans through its partners. With the NBFC licence, it will lend independently. In a statement, CredFlow said this would enable faster approvals, custom credit products, program-based underwriting, and full control from acquisition to collections. 

Following the RBI approval, CredFlow…



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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