Japan’s MUFG set to buy into DMI Finance with $230 mn investment

Incorporated in 2008, DMI is registered as a non-banking finance company (NBFC) with the Reserve Bank of India (RBI). While it was mainly engaged in secured corporate lending - largely to real estate builders - till a few years ago, it has shifted focus to digital lending, providing consumer, personal and micro, small and medium enterprise (MSME) loans. It's a digital technology-driven business with API-based origination, underwriting and loan management systems.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/japans-mitsubishi-ufj-financial-group-may-buy-20-in-dmi-finance/articleshow/99194244.cms