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Navi Finserv raises $38 million from JP Morgan in a securitisation deal to accelerate digital lending.
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The deal is backed by a pool of unsecured personal loans originated and serviced by Navi Finserv.
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The transaction marks JP Morgan’s entry into the high-growth digital lending sector in India.
Navi Finserv, a fintech venture founded by Sachin Bansal, has raised $38 million from JP Morgan in a securitisation deal. This funding will help the company to accelerate its digital lending business. The deal is a significant endorsement of the high quality of Navi’s loan portfolio and its sustained growth over the past few years.
The transaction is backed by a pool of unsecured personal loans originated and serviced by Navi Finserv. The company has seen rapid growth in digital lending, driven by increasing smartphone penetration, internet usage, and the need for faster and more convenient loan disbursals. Navi aims to capitalize on this growth and expand its digital lending business.
JP Morgan’s investment marks its entry into the high-growth digital lending sector in India. The firm is committed to supporting the innovation economy and providing capital raising and financial solutions to companies in this space.
