Women entrepreneurs face challenges like lack of awareness about government financial schemes, dependency on family credits, and informal borrowing. Only 52% have access to financial credit.
India s fintech sector has seen significant growth driven by technology and private investment, offering diverse financial products. Intellect Design Arena focuses on global banking solutions, emphasizing long-term sustainability over short-term gains.
BankBazaar IPO: "The company has secured over Rs 50 crore in two independent debt financing rounds led by Tata Capital and Nuvama Asset Management. It is also in the process of raising another round in equity in the ongoing Series D2 round. The debt round was closed early this year while the equity round is ongoing and expected to close by the coming quarter," BankBazaar mentioned.
The Reserve Bank of India is developing an innovative digital platform that will enable the smooth transmission of crucial digital data to lenders, facilitating effortless credit provision. The platform will have an open structure with APIs and standards allowing all participants in the financial sector to connect effortlessly via a plug and play model. The platform will be introduced as a pilot project with a measured approach regarding access to information providers and use cases.