Indian shadow bank DMI Finance Pvt said it’s raising fresh funding from Japan’s Mitsubishi UFJ Financial Group Inc. at a valuation of about $3 billion as it seeks to ramp up its lending. MUFG is set ...

Aditya Birla Finance and DMI Finance, both partners of ZestMoney, have reportedly examined the financial records of the lendingtech startup The lenders are expressing interest in acquiring not only ...

India-based financial services platform DMI Group has announced its acquisition of the Goldman Sachs-backed ‘buy now pay later’ (BNPL) platform ZestMoney. This comes after the Bengaluru-based ...

ZestMoney, the Goldman Sachs-backed Indian fintech startup once valued at $450 million, has sold itself to financial services firm DMI Group, the two said late Wednesday, in a fire sale that caps 12 ...

The DMI Group (“DMI”) today announced the acquisition of the ZestMoney platform (“Zest”). DMI Finance, the NBFC arm of DMI, will be a preferred lender on the Zest platform. Through this acquisition, ...

Mitsubishi UFJ Financial Group, Inc. (MUFG) and its consolidated subsidiary, MUFG Bank, Ltd., announced a significant additional investment of INR 27,988 million (approximately $339 million) in DMI ...

Apart from Sumitomo Mitsui, existing investors NXC Corporation and New Investment Solutions also invested in the current round, taking DMI Finance’s total fundraising to date to $500 Mn Established in ...

DMI Finance has found the going tough even after the Reserve Bank of India lifted restrictions on the company in early ..

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Sumitomo Mitsui Trust Bank joined the round for Delhi-based ...