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November 30, 2022
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

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