The fintech unicorn’s new loan securitisation deal is backed by a pool of unsecured personal loans, originated and serviced by Navi Finserv
Navi Finserv, previously, marked close of $38 Mn (around INR 318.2 Cr) personal loans securitisation deal with financial and investment banking firm JP Morgan, in July
The fintech startup Navi Technologies’ subsidiary Navi Finserv’s consolidated operating revenue stood at INR 1,906.2 Cr in the financial year 2023-24 (FY24)
Sachin Bansal’s fintech unicorn Navi Finserv has marked close of a $24.5 Mn (around INR 206 Cr) business loan securitisation deal with Goldman Sachs (India) Finance Pvt Ltd.
The company said in a statement that the securitisation deal is backed by a pool of unsecured personal loans, originated and serviced by Navi Finserv.
For the uninitiated, securitisation is the process of converting an asset – in this case, personal loans – into marketable securities, typically for the purpose of raising capital by…