DMI Finance, a non-banking finance company (NBFC) in India, has raised $400 million in an equity round led by MUFG Bank of Japan and Sumitomo Mitsui Trust Bank. The funding round includes primary and secondary transactions. DMI Finance plans to use the funds to expand its lending business and invest in technology to revolutionize the Indian finance industry. The company aims to leverage technology to provide faster and more efficient lending services to its customers. The funding will also help DMI Finance to strengthen its balance sheet and diversify its funding sources. The company has a diversified portfolio of lending products, including SME lending, consumer finance, and affordable housing finance. The funding will enable DMI Finance to expand its lending operations and support the growth of small and medium-sized businesses in India.
The investment by MUFG Bank and Sumitomo Mitsui Trust Bank is a testament to the potential of the Indian finance industry and the growth opportunities it presents.
DMI Finance Raised Funding
In a significant development for the Indian finance industry, DMI Finance has raised $400 Mn from Japan’s MUFG Bank and SuMi TRUST Bank. The investment is expected to fuel DMI Finance’s growth and further its mission of serving its customers with financial solutions.
DMI Finance is an innovative financial services platform that offers a range of financial products and services to individuals and business owners. The platform has been working towards providing sustainable and accessible finance solutions to its customer base. With this latest funding round, the company will be able to expand its reach further.
The investment from MUFG and SuMi TRUST Bank comes at a time of tremendous growth in the Indian finance industry, driven by digitization and the adoption of cutting-edge technology. With this investment, DMI Finance will continue to innovate and grow in this dynamic landscape and make its mark as a leading provider of financial solutions in India.
The investment is a sign of growing confidence in the Indian market, and MUFG and SuMi TRUST Bank are optimistic about the country’s future prospects. India is one of the fastest-growing economies in the world, and its finance industry is poised for explosive growth. As more and more people and businesses need access to finance, companies like DMI Finance will play a critical role in providing them with tailored financial solutions.
The investment from MUFG Bank and SuMi TRUST Bank is the latest in a series of funding rounds for DMI Finance, which has raised over $2 billion to date. This marks a significant milestone for the company and sets it on a trajectory for continued growth and success. The funds will be used to fuel the company’s expansion and finance its growth initiatives.
DMI Finance has a unique approach to serving its customers, focused on developing innovative products and providing excellent customer service. The company has been able to establish a reputation for itself in the Indian finance industry through its customer-centric approach and its dedication to delivering sustainable finance solutions.
What CEO Says
DMI Finance’s CEO Arindam Das has stated that he is delighted with the investment from MUFG Bank and SuMi TRUST Bank, adding that the company aims to leverage the partnership to power its growth and innovation. He has also noted that DMI Finance intends to use the funds to continue leveraging technology and innovation to develop products that are tailored to meet the specific needs of its customers.
The rise of digital finance platforms like DMI Finance has disrupted the Indian finance industry in recent years, providing customers with easier access to finance and more flexible financial products. With this latest funding round, DMI Finance is set to continue leading the charge in this rapidly evolving sector, and the investment from MUFG Bank and SuMi TRUST Bank is a testament to the company’s success and potential.
Overall the $400 Mn investment from MUFG Bank and SuMi TRUST Bank is a significant development for DMI Finance and the Indian finance industry as a whole. With this investment, the company is set to expand its reach further, leverage technology to innovate, and provide tailored financial solutions to an ever-growing customer base. The investment is a sign of growing confidence in the Indian market and the immense potential of the country’s finance industry.
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