StrideOne provides customized financial services to startups and SMEs.
Fairplay is a performance-based financing platform that supports and helps e-Commerce companies to grow by advancing revenue for marketing spend. It offers funding in exchange for a steady share of revenues until the capital is paid back plus a flat fee. Fairplay was founded in 2019 and is headquartered in Mexico City.
Indifi Technologies Pvt. Ltd. operates an online platform that connects lenders and borrowers to provide loans. The company offers different lifecycle support services for lenders, which include marketing and customer relationship management (CRM), data aggregation, data analysis, on-ground support, loan monitoring, and payment management. It serves clients in e-commerce, travel, hospitality, retail, and trading businesses. The company was incorporated in 2015 and is based in Gurugram, India.
Cloudphysician operates a cloud-based health diagnosis platform focused on monitoring the health of infants in neonatal and emergency wards. By leveraging artificial intelligence, the Internet of Things, and predictive analytics, the platform integrates real-time clinical data from connected devices and bedside observations. It tracks immunization schedules, health metrics, and developmental profiles of newborns up to 12 years old. This comprehensive approach aims to enhance patient outcomes and reduce neonatal mortality rates through early-stage diagnosis of critical diseases. The platform provides hospitals and healthcare providers with improved monitoring capabilities, real-time support, and training to facilitate better healthcare delivery.
Niro is embedding personal credit products into leading consumer internet platforms. The fintech startup aims to disrupt the consumer lending ecosystem in the country by democratizing access to convenient and hassle-free embedded credit products for 624 million internet users in India.
Favo is a supermarket shopping community that connects local entrepreneurs and neighbors.
Favo is a supermarket shopping community that connects local entrepreneurs and neighbors.
SarvaGram Fincare Private Limited provides financial services and allied interventions to individuals and small enterprises in rural and semi-urban India. It offers farmer, housing, personal, and small business loans. The company was founded in 2018 and is based in Mumbai, India.
Favo is a supermarket shopping community that connects local entrepreneurs and neighbors.
Nuvemshop provides entrepreneurs and SMBs with the tools to set up, manage, and promote their online business easily from any device. With the suite of tools around payments, shipping, inventory management, and marketing provided by the company, owners are enabled to participate in the e-commerce market, ramp up their sales, reduce costs, and provide their end customers with a shopping experience. In 2011, co-founders Alejandro Alfonso, Santiago Sosa, Jose Abuchaem, Martin Palombo, and Alejandro Vazquez established Nuvemshop in 2011.
LEAD School, founded in 2012 and based in Mumbai, Maharashtra, India, provides educational services aimed at enhancing the learning experience for children through technology. The organization empowers teachers by offering an app that includes detailed lesson plans and audio-visual resources, facilitating a more effective teaching process. Additionally, LEAD School fosters collaboration among teachers, parents, and educational institutions to achieve a common goal of academic excellence. By integrating various educational tools and resources, LEAD School strives to ensure that every child has access to quality education.
Jüsto is an online delivery-only grocery store chain that offers a wide range of fruits, vegetables, meat products, beauty products, and house supplies that can be delivered at every consumers' doorstep. The company was founded in 2019 and is based in Mexico City.
Kamatan Farm Tech Pvt Ltd engages in building agri supply chains for fresh produce to address the needs of farmers and buyers in India. It assists farmers in the implementation of best practices in producing, harvesting, packaging, and transporting fresh produce; handles the entire range of farm produce sourced directly from farmers and farmer producer organizations; and manages the value chain from farm gate to a buyer’s doorstep. The company was incorporated in 2017 and is based in New Delhi, India.
CreditMantri Finserv Private Limited provides individuals with credit score analysis and credit improvement program. It engages in educating consumers about their credit history, as well as leverages the same to improve/enhance their chances for becoming loan/credit card eligible. The company also provides individuals with a plan to improve their credit score and works with them for improving their loan/credit card eligibility. In addition, it helps individuals obtain their CIBIL report and provide them with a credit scan; and conducts analysis and provides them with a credit health report. Further, the company provides services for individuals to find loans/credit cards, improve credit score and history, and reduce their EMI costs. CreditMantri Finserv Private Limited was founded in 2012 and is based in Chennai, India.
SarvaGram Fincare Private Limited provides financial services and allied interventions to individuals and small enterprises in rural and semi-urban India. It offers farmer, housing, personal, and small business loans. The company was founded in 2018 and is based in Mumbai, India.
Canasta Rosa operates an online marketplace focused on connecting buyers and sellers of unique, local, and handmade products. The platform features a diverse range of offerings, including confectionery, fashion items, gifts, pet products, and various accessories. By providing a comprehensive infrastructure, Canasta Rosa ensures an efficient and satisfactory experience for both customers and vendors, facilitating the purchase of quality domestic products at affordable prices. The marketplace emphasizes the importance of local craftsmanship and aims to promote handmade goods.
LEAD School, founded in 2012 and based in Mumbai, Maharashtra, India, provides educational services aimed at enhancing the learning experience for children through technology. The organization empowers teachers by offering an app that includes detailed lesson plans and audio-visual resources, facilitating a more effective teaching process. Additionally, LEAD School fosters collaboration among teachers, parents, and educational institutions to achieve a common goal of academic excellence. By integrating various educational tools and resources, LEAD School strives to ensure that every child has access to quality education.
Indifi Technologies Pvt. Ltd. operates an online platform that connects lenders and borrowers to provide loans. The company offers different lifecycle support services for lenders, which include marketing and customer relationship management (CRM), data aggregation, data analysis, on-ground support, loan monitoring, and payment management. It serves clients in e-commerce, travel, hospitality, retail, and trading businesses. The company was incorporated in 2015 and is based in Gurugram, India.
Bettr Credit is a values-driven start-up focused on providing accessible financial products to underserved populations. The company offers a modern, mobile-first credit card experience, allowing users to maintain complete control over their card and credit. In addition to credit cards, Bettr Credit provides a range of services including free credit scores, personal loans, overdraft facilities, and mobile insurance. Utilizing machine learning, assisted technology, and data analytics, the platform taps into multiple distribution channels and collaborates with financial influencers and advisors to effectively cross-sell a variety of financial products, helping customers manage their financial journeys more effectively.
Samunnati is a provider of financial intermediation, market linkages, and advisory services that are used to enhance the value of all players across the agriculture value chain. The company aims to provide underserved households access to markets through financial intermediation and advisory services by focusing on the key economic drivers of a district. The objective is to aid the enterprises and value chains to operate at a higher level of productivity thereby creating value for all the stakeholders engaged in it. Samunnati was established in 2014 and is headquartered in Chennai, Tamil Nadu.
Afluenta S.A. operates social network for managing and offering peer-to-peer lending and loans. The company was founded in 2008 and is based in Buenos Aires, Argentina.
The Better India Pvt Ltd. operates an online news platform that focuses on publishing and sharing positive stories about unsung heroes, changemakers, and innovative developments across various sectors, including education, women's empowerment, travel, history, arts, and social development. Founded in 2008 and based in Bengaluru, India, the platform aims to highlight inspirational achievements and the progress made by individuals and communities. It also offers a weekly email newsletter that features a digest of articles covering motivational feats, lesser-known travel destinations, and the spirit of doing good. By showcasing these narratives, The Better India seeks to bring attention to the incremental positive changes occurring within the country.
Kamatan Farm Tech Pvt Ltd engages in building agri supply chains for fresh produce to address the needs of farmers and buyers in India. It assists farmers in the implementation of best practices in producing, harvesting, packaging, and transporting fresh produce; handles the entire range of farm produce sourced directly from farmers and farmer producer organizations; and manages the value chain from farm gate to a buyer’s doorstep. The company was incorporated in 2017 and is based in New Delhi, India.
Bankingly is a software as a service (SaaS) provider based in Montevideo, Uruguay, specializing in digital banking solutions for financial institutions. Founded in 2015, the company enables these institutions to offer a range of internet-based banking services, including mobile banking, online banking, and conversational banking. Bankingly's solutions are designed to ensure agility and security, allowing financial institutions to deliver high-quality digital channels to their customers at a reasonable and variable cost.
Grupo VI-DA is a prominent company based in Palermo, Argentina, with additional offices in Mexico, that specializes in developing a technology-based platform for Spanish-language digital content. The organization provides a variety of digital reading products aimed at students, schools, and consumers, thereby enhancing access to a wide range of Spanish-language fiction, nonfiction, technical, and academic materials. In response to the evolving needs of the digital age, Grupo VI-DA offers innovative multimedia platforms tailored for the Hispanic market, including products such as Leamos, BIDI, GrandesLibros, IndieLibros, Vesvi, DualLanguage, BajaMusica, and Mundo TKM.
Afluenta S.A. operates social network for managing and offering peer-to-peer lending and loans. The company was founded in 2008 and is based in Buenos Aires, Argentina.
Varthana provides loans and support for affordable private schools. They are a Non-Banking Financial Company (NBFC) headquartered in Bangalore, India.
Shubham Housing Development Finance Company Private Limited, established in 2010 and based in Gurugram, India, specializes in providing housing finance solutions tailored for families with informal incomes. The company focuses on offering home loans, home improvement loans, and loans against property to customers who often do not qualify for traditional financing options. Shubham aims to empower urban low-income families by employing an interview-based approach to underwriting, which allows for a better understanding of the customer's unique financial circumstances. This method enables the company to offer customized and affordable credit programs that cater to the specific housing needs of individuals and families in urban and semi-urban areas.
Samunnati is a provider of financial intermediation, market linkages, and advisory services that are used to enhance the value of all players across the agriculture value chain. The company aims to provide underserved households access to markets through financial intermediation and advisory services by focusing on the key economic drivers of a district. The objective is to aid the enterprises and value chains to operate at a higher level of productivity thereby creating value for all the stakeholders engaged in it. Samunnati was established in 2014 and is headquartered in Chennai, Tamil Nadu.
Kamatan Farm Tech Pvt Ltd engages in building agri supply chains for fresh produce to address the needs of farmers and buyers in India. It assists farmers in the implementation of best practices in producing, harvesting, packaging, and transporting fresh produce; handles the entire range of farm produce sourced directly from farmers and farmer producer organizations; and manages the value chain from farm gate to a buyer’s doorstep. The company was incorporated in 2017 and is based in New Delhi, India.
Afluenta S.A. operates social network for managing and offering peer-to-peer lending and loans. The company was founded in 2008 and is based in Buenos Aires, Argentina.
Nuvemshop provides entrepreneurs and SMBs with the tools to set up, manage, and promote their online business easily from any device. With the suite of tools around payments, shipping, inventory management, and marketing provided by the company, owners are enabled to participate in the e-commerce market, ramp up their sales, reduce costs, and provide their end customers with a shopping experience. In 2011, co-founders Alejandro Alfonso, Santiago Sosa, Jose Abuchaem, Martin Palombo, and Alejandro Vazquez established Nuvemshop in 2011.
LEAD School, founded in 2012 and based in Mumbai, Maharashtra, India, provides educational services aimed at enhancing the learning experience for children through technology. The organization empowers teachers by offering an app that includes detailed lesson plans and audio-visual resources, facilitating a more effective teaching process. Additionally, LEAD School fosters collaboration among teachers, parents, and educational institutions to achieve a common goal of academic excellence. By integrating various educational tools and resources, LEAD School strives to ensure that every child has access to quality education.
Samunnati is a provider of financial intermediation, market linkages, and advisory services that are used to enhance the value of all players across the agriculture value chain. The company aims to provide underserved households access to markets through financial intermediation and advisory services by focusing on the key economic drivers of a district. The objective is to aid the enterprises and value chains to operate at a higher level of productivity thereby creating value for all the stakeholders engaged in it. Samunnati was established in 2014 and is headquartered in Chennai, Tamil Nadu.
CreditMantri Finserv Private Limited provides individuals with credit score analysis and credit improvement program. It engages in educating consumers about their credit history, as well as leverages the same to improve/enhance their chances for becoming loan/credit card eligible. The company also provides individuals with a plan to improve their credit score and works with them for improving their loan/credit card eligibility. In addition, it helps individuals obtain their CIBIL report and provide them with a credit scan; and conducts analysis and provides them with a credit health report. Further, the company provides services for individuals to find loans/credit cards, improve credit score and history, and reduce their EMI costs. CreditMantri Finserv Private Limited was founded in 2012 and is based in Chennai, India.
Airtm is an online platform that facilitates monetary transactions, allowing individuals to send, receive, or save money in a USD-denominated account. Founded in 2015, the company aims to help users, particularly in developing regions, manage currency devaluation and access financial services. Airtm connects clients with certified cashiers, who assist in depositing or withdrawing funds, earning a commission for their services. The platform operates as an e-wallet integrated with over 300 bank and e-money systems through a peer-to-peer network, enabling users to hold their funds in either dollars or cryptocurrency and conduct transactions both domestically and internationally. With headquarters in Mexico City and San Francisco, Airtm is a registered money service business in the United States.
Indifi Technologies Pvt. Ltd. operates an online platform that connects lenders and borrowers to provide loans. The company offers different lifecycle support services for lenders, which include marketing and customer relationship management (CRM), data aggregation, data analysis, on-ground support, loan monitoring, and payment management. It serves clients in e-commerce, travel, hospitality, retail, and trading businesses. The company was incorporated in 2015 and is based in Gurugram, India.
Agritech startups Sabziwala and LivLush (earlier known as GreenAgTech) have merged the businesses under a new entity Kamatan. The rationale to create the entity was to bring together their strengths in farmer connect and supply-chain technology to ensure better pricing for farmers and to reduce wastage. Kamatan’s focus will be to empower farmers with meaningful price data aimed at significantly improving their income levels. LivLush (formerly GreenAgTech) was working on building efficiency in the supply chain for Fruits & Vegetables in India and bringing value to the supplier, the farmer, and the consumer. The current supply chain has multi-hop intermediary network which compromises the quality of produce reaching the end consumer. Due to the number of intermediaries, a lot of value gets eroded due to pilferage and unnecessary margin seekers in the supply chain. We go direct to the farmer for Fruits and Vegetables including first level aggregators and deliver the produce to B2B customers the HoReCa (Hotels Restaurants Cafes), Organized Retail Chains and Wholesalers. Having built out an efficient supply chain we are now expanding to various geographies across India.
Credijusto provides an online lending platform designed to offer easy, reliable, and transparent credit for SMEs. Its platform offers credit models that are focused on the health of each business, focusing on overall performance, rather than considering only the owner's personal credit history, enabling small businesses to obtain accessible credits in a fraction of the time and effort and grow their business. The company's credit models are focused on the health of each business, focusing on overall performance, rather than considering only the owner's personal credit history. The company was founded in 2015 and is based in Mexico City.
Varthana provides loans and support for affordable private schools. They are a Non-Banking Financial Company (NBFC) headquartered in Bangalore, India.
Afluenta S.A. operates social network for managing and offering peer-to-peer lending and loans. The company was founded in 2008 and is based in Buenos Aires, Argentina.
Secure Now Insurance Broker (P) Ltd is an insurance broking firm that offers fair insurance options to clients. SecureNow is founded by experienced professionals with an excellent track record in the industry.
SecureNow works with CEOs, CFOs, and HR Heads to procure employee benefits, property and liability insurance solutions.
Indifi Technologies Pvt. Ltd. operates an online platform that connects lenders and borrowers to provide loans. The company offers different lifecycle support services for lenders, which include marketing and customer relationship management (CRM), data aggregation, data analysis, on-ground support, loan monitoring, and payment management. It serves clients in e-commerce, travel, hospitality, retail, and trading businesses. The company was incorporated in 2015 and is based in Gurugram, India.
The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.
Samunnati is a provider of financial intermediation, market linkages, and advisory services that are used to enhance the value of all players across the agriculture value chain. The company aims to provide underserved households access to markets through financial intermediation and advisory services by focusing on the key economic drivers of a district. The objective is to aid the enterprises and value chains to operate at a higher level of productivity thereby creating value for all the stakeholders engaged in it. Samunnati was established in 2014 and is headquartered in Chennai, Tamil Nadu.
CreditMantri Finserv Private Limited provides individuals with credit score analysis and credit improvement program. It engages in educating consumers about their credit history, as well as leverages the same to improve/enhance their chances for becoming loan/credit card eligible. The company also provides individuals with a plan to improve their credit score and works with them for improving their loan/credit card eligibility. In addition, it helps individuals obtain their CIBIL report and provide them with a credit scan; and conducts analysis and provides them with a credit health report. Further, the company provides services for individuals to find loans/credit cards, improve credit score and history, and reduce their EMI costs. CreditMantri Finserv Private Limited was founded in 2012 and is based in Chennai, India.
Private Equity Round in 2015
Ujjivan Financial Services Limited, founded in 2005 and headquartered in Bengaluru, India, specializes in providing a comprehensive range of financial services aimed at economically active poor individuals in urban and semi-urban areas. The company offers a variety of products, including micro and rural finance, housing loans, personal and vehicle loans, and loans for micro and small businesses. Additionally, Ujjivan provides group and individual insurance products. Its subsidiary, Ujjivan Small Finance Bank Limited, was established in 2016 and focuses on serving financially unserved and underserved segments through banking products, including savings and current accounts, fixed deposits, and an array of loan offerings such as agricultural, educational, and personal loans. Ujjivan operates a significant network of banking outlets and ATMs, reflecting its commitment to financial inclusion in India.
Samunnati is a provider of financial intermediation, market linkages, and advisory services that are used to enhance the value of all players across the agriculture value chain. The company aims to provide underserved households access to markets through financial intermediation and advisory services by focusing on the key economic drivers of a district. The objective is to aid the enterprises and value chains to operate at a higher level of productivity thereby creating value for all the stakeholders engaged in it. Samunnati was established in 2014 and is headquartered in Chennai, Tamil Nadu.
Varthana provides loans and support for affordable private schools. They are a Non-Banking Financial Company (NBFC) headquartered in Bangalore, India.
Shubham Housing Development Finance Company Private Limited, established in 2010 and based in Gurugram, India, specializes in providing housing finance solutions tailored for families with informal incomes. The company focuses on offering home loans, home improvement loans, and loans against property to customers who often do not qualify for traditional financing options. Shubham aims to empower urban low-income families by employing an interview-based approach to underwriting, which allows for a better understanding of the customer's unique financial circumstances. This method enables the company to offer customized and affordable credit programs that cater to the specific housing needs of individuals and families in urban and semi-urban areas.
The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.
Shubham Housing Development Finance Company Private Limited, established in 2010 and based in Gurugram, India, specializes in providing housing finance solutions tailored for families with informal incomes. The company focuses on offering home loans, home improvement loans, and loans against property to customers who often do not qualify for traditional financing options. Shubham aims to empower urban low-income families by employing an interview-based approach to underwriting, which allows for a better understanding of the customer's unique financial circumstances. This method enables the company to offer customized and affordable credit programs that cater to the specific housing needs of individuals and families in urban and semi-urban areas.
The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.
Glocal Healthcare is focused on enhancing healthcare delivery through a technology-enabled platform that utilizes apps, digital dispensaries, and hospitals. The company operates a chain of hospitals aimed at providing comprehensive treatment services in rural areas, including outpatient, inpatient, operation theater, emergency, and obstetric care. Glocal's telemedicine solutions, which include 250 IoT-based digital clinics, allow patients to access healthcare services remotely, facilitating quicker treatment initiation and improving the likelihood of successful outcomes. The company offers two applications, hellolyf and hellolyf Dr, available on Google Play, which further enhance accessibility to healthcare services. By leveraging technology, Glocal Healthcare is committed to making healthcare more affordable, accessible, and accountable, particularly in regions where traditional healthcare systems struggle to reach.
Ujjivan Financial Services Limited, founded in 2005 and headquartered in Bengaluru, India, specializes in providing a comprehensive range of financial services aimed at economically active poor individuals in urban and semi-urban areas. The company offers a variety of products, including micro and rural finance, housing loans, personal and vehicle loans, and loans for micro and small businesses. Additionally, Ujjivan provides group and individual insurance products. Its subsidiary, Ujjivan Small Finance Bank Limited, was established in 2016 and focuses on serving financially unserved and underserved segments through banking products, including savings and current accounts, fixed deposits, and an array of loan offerings such as agricultural, educational, and personal loans. Ujjivan operates a significant network of banking outlets and ATMs, reflecting its commitment to financial inclusion in India.
Glocal Healthcare is focused on enhancing healthcare delivery through a technology-enabled platform that utilizes apps, digital dispensaries, and hospitals. The company operates a chain of hospitals aimed at providing comprehensive treatment services in rural areas, including outpatient, inpatient, operation theater, emergency, and obstetric care. Glocal's telemedicine solutions, which include 250 IoT-based digital clinics, allow patients to access healthcare services remotely, facilitating quicker treatment initiation and improving the likelihood of successful outcomes. The company offers two applications, hellolyf and hellolyf Dr, available on Google Play, which further enhance accessibility to healthcare services. By leveraging technology, Glocal Healthcare is committed to making healthcare more affordable, accessible, and accountable, particularly in regions where traditional healthcare systems struggle to reach.
GloboKasNet is a multibank payment network based in Peru. The company offers transaction, processing, and settlement services to low income urban and rural clients of banks, microfinance institutions and commercial wholesalers. GloboKasNet was launched in 2007.
RBL FinServe Ltd. is a financial service provider based in Mumbai, India, that focuses on delivering loans and savings products to low-income households and micro-entrepreneurs. The company offers a range of financial solutions, including loans for micro and small enterprises, basic saving bank deposit accounts, and credit-linked life insurance. By addressing the needs of underserved communities, RBL FinServe aims to empower economically active individuals in urban areas, particularly in cities like Mumbai, which has a significant population of urban poor. Originally established as Swadhaar FinServe Pvt. Ltd. in 2005, the company rebranded to its current name and operates as a subsidiary of RBL Bank Limited. Through its innovative approach to microcredit, RBL FinServe seeks to create a new lending methodology that can be applied to other major cities in India.
The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.
GramaVidiyal Microfinance (Trichy and Chennai) is the largest and fastest growing microfinance institution in Tamil Nadu providing small loans to women without access to formal credit. GramaVidiyal has been dedicated to empowering women of the poorest families socially, economically and politically through networking them into community institutions and through their efficient poverty alleviation and microfinance program.
Ujjivan Financial Services Limited, founded in 2005 and headquartered in Bengaluru, India, specializes in providing a comprehensive range of financial services aimed at economically active poor individuals in urban and semi-urban areas. The company offers a variety of products, including micro and rural finance, housing loans, personal and vehicle loans, and loans for micro and small businesses. Additionally, Ujjivan provides group and individual insurance products. Its subsidiary, Ujjivan Small Finance Bank Limited, was established in 2016 and focuses on serving financially unserved and underserved segments through banking products, including savings and current accounts, fixed deposits, and an array of loan offerings such as agricultural, educational, and personal loans. Ujjivan operates a significant network of banking outlets and ATMs, reflecting its commitment to financial inclusion in India.
Madura is a highly efficient, customer focused microfinance institution that serves economically active, rural women in Tamil Nadu.
Comat enables access to information based services to citizens in rural India. Established in 1996, their company has successfully merged business profitability with social welfare. Their business model is oriented towards economic development of underserved markets, by providing services like employability training, job creation, financial inclusion and essential Government services. They have attained leadership in their area of business by successfully mapping the needs of India’s rural population and efficiently delivering the same through a network of Rural Business Centers.
MokshaYug Access (MYA) is a supply chain solutions company that builds income-certainty for rural producers through its participation across every component of rural supply chains (e.g., dairy). MYA ensures that rural producers realize an optimum share of the end consumer value through rural-producer yield improvement programs and by building procurement and transportation infrastructure that links producers in rural areas to consumers in urban markets.
Bharat Financial Inclusion Limited, formerly SKS Microfinance Limited, is a non-banking financial company-micro finance institution (NBFC-MFI). The Company is engaged in providing micro finance services to women in the rural areas of India enrolled as members and organized as Joint Liability Groups. In addition to its business of providing micro-credit, the Company uses its distribution channel to provide other financial products and services to the members. Programs in this regard primarily relate to providing of loans to the members for the purchase of mobile handsets, solar lamps, bicycle and sewing machines, among others.
Credex is a profit oriented microfinance institution dedicated to offering financial support for the economic and social development of those unserved by the traditional banking system. Credex targets low-income borrowers through individual productive loans in the poor urban and semi-urban areas and village banking in the rural areas of Mexico.