FINO PayTech’s microfinance business targets Rs 1000 crore AUM
Tuesday, 20 September 2016 - 14:38:04
Source: The Economic Times
Mumbai based payments technology company Fino PayTech which also operates in the micro finance space has set a target of attaining Rs 1000 crore of asset under management through its own NBFC Intrepid in the next 12 months.
Source: IIFL
The trends indicate a huge potential for growth owing to micro credit demand from the hinterlands of the country. Riding on this wave is payments technology company FINO PayTech's lending arm.
FINO PayTech was chosen by UIDAI to demonstrate the tech enabled payment mechanism at the national launch of Aadhaar-based service delivery.