Fi Secures NBFC License from RBI: Expanding Financial Services Offerings
Fi, a neobanking startup, backed by investors such as Peak XV and Temasek, has obtained a non-banking finance company (NBFC) license from the Reserve Bank of India (RBI), enabling it to provide loans from its own books. This development aligns with the trend seen among fintech startups in recent years, where acquiring NBFC licenses facilitates direct lending and asset base establishment.
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