Byjus lenders negotiate 30 stake in aakash to resolve disputes, ETStartup
Global lenders of BYJU’S are reportedly negotiating to acquire a 30% stake in Aakash Educational Services, a coaching institute partly…
Tag: lenders
Byju's lenders seek 30% stake in Indian education group in settlement, sources say – Reuters
Byju’s lenders seek 30% stake in Indian education group in settlement, sources say Reuters Source link
Elon Musk’s AI startup xAI is hiring bankers and private credit lenders to make Grok chatbot … – The Times of India
Elon Musk’s artificial intelligence startup xAI is now hiring bankers, traders, portfolio managers and private credit lenders in order to…
Borrowing costs easing for new-age lenders – The Economic Times
New-age digital lending companies are reporting easier cost of borrowing from banks and larger non-banking financial services firms as fledgling…
Trust Science acquires Lenders API to build fraud defence system for lenders
Edmonton FinTech plans to integrate Toronto company’s solution into its decision-management infrastructure. Toronto-based fraud prevention platform Lenders API has…
Indian Startup News on Instagram: “Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans, and partnering with 30 companies over 4.5 years. Co-founder and CEO Aditya Kumar shared the update on LinkedIn, expressing surprise at the closure. “As a first-mover that saw scale quickly, I did not see this coming. We had done impossible: hired incredible teams, raised high-quality capital, while convincing large consumer internet platforms and industry-leading lenders to work with us to unlock value at scale,” he wrote. Niro reached $100 million in assets under management (AUM) within 24 months of launch and saw over 170 million users flow through its platform at its peak. However, Kumar cited regulatory pushback on personal lending, capital constraints, and challenges in pivoting business models as key reasons for the shutdown. #business #shutdown #entrepreneur #lending #startups #news #bengaluru #indianstartupnews”
Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans,…