IIFL Finance launch neobank for MSME

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IIFL Finance Limited and Asia's largest SME focused neo-banking platform

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Open Financial Technologies announced a joint venture to launch India's first Neobank

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The initial capital of the joint venture company will be Rs 120 crore.

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The structure of a joint venture is between IIFL Finance and Open 51:49.

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The name of the joint venture will be IIFL Open Fintech Private Limited.

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There will be no technical capital expenditure for IIFL Open Fintech Private Limited

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There will be no technical capital expenditure for IIFL Open Fintech Private Limited

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There are over 2.3 million small and medium business traders on the Open Money platform.

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This will enable you to open an account in less than two minutes without visiting any physical branch

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Click Here

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