October 2020

2 briefs archived this month.

• Funding

  Moneyboxx Finance Secures ₹10 Crore Debt Funding From Eclear Leasing

  BSE-listed non-banking financial company Moneyboxx Finance has secured ₹10 crore in debt funding from Eclear Leasing & Finance. The fresh capital injection will support Moneyboxx’s target to achieve overall loan disbursements between ₹80 crore and ₹85 crore during the current financial year. Eclear Leasing, which specializes in financing NBFCs and microfinance institutions within the financial inclusion sector, has extended cumulative debt sanctions of ₹18 crore to Moneyboxx to date. The lender, which provides small-ticket business loans to micro and small enterprises across tier-2 and tier-3 towns, aims to raise ₹100 crore in total debt.

  Oct 28 · Indianweb2.com

• Startup

  Fintech Startup Walrus Launches Personalized Debit Cards for Teens

  Bengaluru-based neo-banking platform Walrus has launched personalized Signature Prepaid Debit Cards targeted at teenagers and young adults. Issued in partnership with RBL Bank and powered by Mastercard, the card allows teenage users to customize their signature directly on the physical card. The prepaid card can be used for offline retail purchases as well as online transactions across e-commerce platforms like Amazon and Flipkart. Through the companion Walrus mobile app, users can track spending habits and temporarily lock their debit cards when not in use for added security.

  Oct 22 · indianweb2.com