0.1 C
March 27, 2023
Finance Technologies

Indian challenger Finwego looks to lend to private schools

Indian neobank Finwego is attempting to be the first bank built for the education sector in the country. Finwego founders Shiv Vadivelalagan and Pavee Ramanisankar Founded in 2018 and based in Chennai, the challenger claims to work with more than 700 institutional partners. “Our aim is to deliver customised lending products for the rapidly growing private school education space in India,” CEO Shiv Vadivelalagan told Economic Times of India last year. The neobank offers loans of up to $7,000 to individuals and $34,000 for institutions. The funds are secured by bank and non-bank partners holding Reserve Bank of India (RBI)…
Indian challenger Finwego looks to lend to private schools

Related posts

OnDeck acquires Evolocity

Amme Jhonson

Fintech Agora fires up for small American FIs

Amme Jhonson

PayFit to double workforce with €70m funding round

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy