RBI approved NBFC license for Kreditech

Posted on:16 Oct 2018 17:49:51
RBI approved NBFC license for Kreditech
16 October 2018 Current Affairs:

RBI approved the license for Kreditech, the Germany-based company to operate as a Non-Banking Financial Company (NBFC) licence for digital lending business and app-based financing. The approval is with the first-of-its-kind.
Kreditech’s product suite for India will offer individualised direct-to-consumer loans as well as its Lending-as-a-Service Solution for vendors, which allows partners to offer customised credit products to their customers.

RBI approved the license for Kreditech, the Germany-based company to operate as a Non-Banking Financial Company (NBFC) licence for digital lending business and app-based financing. The approval is with the first-of-its-kind.
Kreditech’s product suite for India will offer individualised direct-to-consumer loans as well as its Lending-as-a-Service Solution for vendors, which allows partners to offer customised credit products to their customers.




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