Private lender DCB Bank has acquired stake in Non-Banking Financial Company Techfino Capital.
The bank has acquired 9% stake in Bengaluru-based non-bank financier Techfino Capital Pvt Ltd.
Techfino is a Bengaluru based NBFC thas provides customised consumer loans in education and healthcare sectors. It helps customers in avaiingl loans at no/low cost EMIs while offering sellers, greater liquidity.
Jayaprakash Patra, Rajesh Panda and Ratikanta Satapathy are the three founders of this NBFC.
It is operational in key metros and tier II cities across India, said the new generation private sector bank.
“DCB Bank and TCPL are delighted to be associated in this manner. Micro loans or granular loans as a financial solution hold much promise.We value each other’s experience and expertise to build a granular loan portfolio with patience and nuance,” said Narendranath Mishra, Head Agri and Inclusive Banking, DCB Bank.
He added, “DCB Bank and Techfino complement each other’s strengths, and this is an opportunity for both organisations to grow the customer franchise.”
“The association with DCB Bank is an important milestone. It shall help in the growth of the business as TCPL goes about providing financing solutions to its customers, said Jayaprakash Patra, co-founder director, Techfino Capital.
“Together, we aim to create a win-win ecosystem, offering our customers a bouquet of customized financial solutions using TCPL’s robust technology platform,” he said.