Karbon Card raises Rs 55 crore debt finance from Northern Arc, UCIC and Oxyzo
UCIC, incubated by Unitus Capital, is an impact focussed non-banking financial company registered with Reserve Bank of India, while Oxyzo is the lending arm of OfBusiness and is backed by Softbank. Karbon said it would use the funds to empower and enable startups and SMBs with corporate credit cards that they can use as flexible growth capital.
IDBI Bank set to foray into new loan segments to control slippagesThe bank is also looking to aggressively grow its co-lending book. It has already onboarded four NBFCs for co-lending to MSMEs which include UGro Capital, Adani Capital and Electronica.
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