Non-banking lender Credit Saison India raises $150-M ECB funding from Mizuho

Bengaluru-headquartered Credit Saison India (CS India), a non-bank lender backed by Japan's institutional investors, has secured an External Commercial Borrowings (ECB) funding of USD 150 million from Mizuho Bank (through Mizuho’s GIFT City branch) with a five-year tenor under a bilateral arrangement.The fresh funds will be used to enhance the loan book through the branch lending operations and the firm’s partnership through fintech firms.