Japan’s MUFG set to buy into DMI Finance with $230 mn investment

Incorporated in 2008, DMI is registered as a non-banking finance company (NBFC) with the Reserve Bank of India (RBI). While it was mainly engaged in secured corporate lending - largely to real estate builders - till a few years ago, it has shifted focus to digital lending, providing consumer, personal and micro, small and medium enterprise (MSME) loans. It's a digital technology-driven business with API-based origination, underwriting and loan management systems.

from Banking/Finance-Industry-Economic Times https://ift.tt/gl2bW3d