DMI Finance is a non banking financial holding and fintech companies in India which provides consumer loans, home loans, business loans, corporate loans and asset management.
Whistle Blower Policy Fraud Prevention Vigil Mechanism. DMI Sourcing Partners. Corporate Social Responsibility. Committed to making a difference Beyond our endeavour to make a difference to people we touch within the boundaries of our business, we reach out to underprivileged communities through social initiatives that we undertake.
Towards this end, we partner with multiple organisations, supporting their activities with funding as well as assisting them in driving their objective. Our prime focus, through these activities, is to bring about a positive and sustainable change in the lives of people through dedicated efforts to improve education and living standards.
Some of the causes that we actively support include: Support to Sports. Auction Notices. Announcements & Press Release. Beenext bets on fintech startup YAP in a $4.5 mn Series A round. Fintech platform YAP raises $4.5 million in Series A funding. 8i Ventures Fund, The DMI Group via its AIF vehicle The Sparkle Fund, Better Capital, and angel investors Alok Mittal, CEO, Indifi, Ashneer Grover, CEO, BharatPe, Amrish Rau, CEO, PineLabs, Jitendra Gupta, founder, Jupiter and Abhishant Pant, founder, Fintech Meetup also participated in the round.
In February, the Chennai-based startup had said it has raised ₹10 crore as part of its seed funding led by PineLabs’ CEO Amrish Rau. The current round of funding will be used to strengthen the team, build technology and offer enhanced API products to fintechs which are focusing on enabling access to credit, corporate banking solutions, cross border payments and providing neo-banking solutions. YAP helps businesses to connect and roll out their own branded products. The company works with banks and financial institutions as product providers and offers end-to-end program management services over a bundle of APIs (application program interface). Mastercard: Monsoon CreditTech becomes part of Mastercard's Start Path program, secures new funding.
Monsoon CreditTech has become one of the seven fintech companies from across the world and the only one from India selected by Mastercard Start Path, part of Mastercard Labs, to be part of its startup engagement program.
Start Path is designed to help later stage startups scale their business. This puts Monsoon in an elite club of companies and will give Monsoon access to Mastercard's global network of customers and subject matter experts, bringing Monsoon's machine learning technology to global markets outside India. Monsoon says it has also recently closed a new round of undisclosed amount in funding from strategic institutional and individual investors from across the globe ranging from geographies such as USA, UK, UAE and India. Payments infrastructure platform YAP collects Series A cheque. M2P Solutions Pvt.
Ltd, which operates payments-focussed application programming interface (API) startup YAP has raised $4.5 million (Rs 34.62 crore at current exchange rates), barely two months after its angel funding round. The Series A funding round has been led by Singapore-based Beenext. Future of cyber security: From SMAC to BRISC, IT News, ET CIO. As Unlock 1.0 plays out across the country, tech-based solutions to handle crowding at malls, offices and markets as well as for contactless shopping and parking have gained ground, with a string of startups like Staqu, Park+ and Magneto CleanTech launching services in these segments.
Prime Minister Chairs Meeting with various sectoral groups in a pre-budget exercise. DMI Group raises $200 million via NCD's. New Delhi: Financier DMI Group has raised $200 million from overseas investors by selling rupee-denominated non-convertible debentures (NCD’s) to them despite tight liquidity conditions in global and local credit markets.
The floatation received subscription from ultra-high net worth families, endowments, financial institutions and corporations in Asia and Europe, according to a company executive. The Delhi-headquartered financier operates in the consumer lending and affordable housing segments. It has a tie-up with consumer electronics major Samsung for financing mobile phones sold to its customers. “DMI continues to demonstrate its ability to raise global institutional capital even in turbulent times. This is a validation of the robustness of our business and our governance standards”, a company spokesperson said. Finance+: Samsung brings digital lending platform to customer doorsteps; enables easy purchase of Galaxy smartphones, Telecom News, ET Telecom. NEW DELHI: India should attract manufacturing of high value as well as high technology products moving out of other countries, NITI Aayog CEO Amitabh Kant said at a webinar organised by Bennett University on Thursday.
This may be the decade when India starts expressing its technological might, he said. “As and when investments move out of other countries we should be willing to attract,” Kant said, addressing the closing session of the webinar on the economy and Covid-19 entitled ‘Jaan Bhi, Jahan Bhi’. The webinar was organised by the management school of Bennett University, which is part of The Times of India Group that publishes ET.
Fintech platform YAP raises $4.5 million in Series A funding. FAQ Moratorium. If you have already paid your EMI for April 2020 in advance and you wish to opt-in for the moratorium, we will adjust your further repayment schedule.
This updated repayment schedule will be available to you by June 10, 2020. Kindly Note : The amount that you have already paid to us WILL NOT BE TRANSFERRED BACK TO YOUR ACCOUNT. The EMI which is paid in advance by the customer will be adjusted for the next due EMI. Below example will help you understand this: Customers who are not on moratorium - a) Customer's EMI due date was 5th April and customer paid on 2nd April, then April EMI will get adjusted for April only. Customers who are on moratorium - a) If the customer has opted for moratorium in April (1 month only) and ends up paying the April EMI inadvertently (whether before 5th April or on 5th April or after 5th April till 30th April), the EMI will get adjusted for the April month and not for June EMI. DMI Finance raises $123 mn from South Korea's NXC.
NEW DELHI: DMI Finance has raised $123 million from South Korea-based NXC Corporation, valuing the Delhi-based non-bank finance company founded by two former Wall Street bankers at over $1 billion, according to a source.
Total equity funding raised by DMI since inception is $800 milion. The quantum of stake purchased could not be ascertained, though NXC founder Jung-ju Kim was among the early investors in DMI group, as per a source. NXC owns the largest gaming company in South Korea. A DMI spokesperson confirmed the fund raise but declined specific details. “We have been continually able to raise substantial capital despite the complex operating environment post IL&FS and now with Covid,” the spokesperson said. DMI Group has a housing finance arm and a consumer lending business. It recently raised $200 million through an issue of non-convertible debentures from foreign portfolio investors. DMI Group raises $200 million via NCD's. Asset Management Services Company in India.