All News and Announcements

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News

India Tops Global Remittances at $125 Billion in 2023: A Comprehensive Insight

The $125 billion influx signifies the unwavering commitment and support of the Indian diaspora to their families and communities.

News

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

News

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.