Liquidity Events
PB Fintech to acquire remaining 20% stake in digital lender MyLoancare for Rs.5-Cr
Delhi-based PB Fintech, the parent company of digital platforms for insurance and lending services, Policybazaar and Paisabazaar, is to acquire the remaining 20% stake in its Gurugram-based subsidiary MyLoancare Ventures for INR 5 crore. Post transaction, MyLoancare will become a wholly owned subsidiary of PB Fintech.Established in 2013, MyLoancare is a non-banking financial company (NBFC) that operates in the digital lending, retail loan aggregation, and financial product distribution spaces.
In Apr 2018, MyLoanCare had attracted about USD 1 M from Ncubate Capital.
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