Fintech

Australia-based FINDI acquires fintech firm BANKIT

Australia-based FINDI has acquired the fintech firm BANKIT for 30 million Australian dollars (approximately Rs 162 crore). This move supports FINDI’s commitment to enhancing financial access in rural and semi-urban India through their merchant network. BANKIT’s extensive network of over 1.29 lakh outlets across 28 states bolsters FINDI’s mission to serve the underbanked.

MobiKwik partners Piramal Finance to offer personal loans

Through its partnership with Piramal Finance, MobiKwik users across India will now have the ability to apply for and easily access personal loans through the platform. The loan amounts for ZIP EMI will range from Rs 50,000 to 2 lakh. ZIP EMI is a personal loan service provided by the fintech firm.