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Enables users to access loans across six product categories including Mutual Fund Loan, Gold Loan, Bike Loan, Car Loan, Home Loan/Loan against Property and Education Loan on the PhonePe app.
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, May 31, 2024.
PhonePe, a Bengaluru based fintech major, has launched secured loan products in partnership with non-banking finance companies like Tata Capital and L&T Finance. The Walmart owned company is offering six credit products to its customers.
Homegrown fintech firm PhonePe has introduced secured lending products on its platform, covering mutual fund loans, gold loans, and more. Partnering with 15 financial institutions, PhonePe aims to scale to 25 partners next quarter. CEO Hemant Gala highlights the rapid adoption of digitised loan journeys by customers.
Bahl joins a series of former executives of BharatPe who have moved to launch their own startups and venture capital funds like OTP Ventures, OTPLess and GrowthCap Ventures