RBI grants NBFC licence to CredAble’s subsidiary

RBI grants NBFC licence to Equentia, wholly owned subsidiary of Fintech firm CredAble, to directly lend to SMEs, MSMEs and access debt markets to optimize its capital structure.

New Delhi, Jul 18 (PTI) Fintech firm CredAble, which caters to B2B segment, Thursday said it has received non-banking finance company (NBFC) licence from RBI.

The company”s wholly-owned subsidiary Equentia Financial Service Private Limited has been granted a non-deposit taking non-banking financial company (NBFC) licence by the RBI, a company statement said

The NBFC licence will allow CredAble to lend directly to small and medium-sized enterprises (SMEs) and micro, small and medium enterprises (MSMEs) and access debt markets to optimise its capital structure, providing suppliers with increased access to on-tap funding and untapped lending opportunities, it said.

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