Banking and Finance - FinTech
Sub Sector: Prominent retail loan aggregation platform in India that helps people get personal loans, business loans, and home loans from banks and non-banking financial companies
Exchange:
NSE
Emerge
Finance Buddha is a prominent retail loan aggregation platform in India that helps people get personal loans, business loans, and home loans from banks and non-banking financial companies. The company acquires customers through a hybrid strategy using digital marketing and through a wide network of external agents to reach out to prospective borrowers. Once the intent of the customer has been established, the company uses its matchmaking capabilities to advise the customer on the best suited product for his/her needs by allowing them to compare prospective loan offers across multiple lending institutions and hand holds them through the entire loan documentation process till the final disbursement. The decision to either approve or reject the loan application is with the bank/NBFC and hence the Company doesn’t take any credit risk. Upon loan disbursement the Company earns a commission from the lenders. The service is completely free for the customer and is provided with a seamless end to end journey of loan products from discovery to disbursement. The Company is uniquely differentiated amongst its competitors by being the only major player to have a hybrid business model – conventional lending i.e., Agent channel and Digital Lending i.e., Digital Channel. As different customer looks for different kind of solutions, the company is able to provide the nuance of solutioning that the conventional lending model provides and the speed and ease of delivery that the digital lending model provides to consumers. Conventional or Agent business is the primary & initial customer acquisition strategy for the Company, here in this case with its widely distributed agent network the company gets access to a curated audience of customers where a large part of the preliminary checks is already done on the consumers, thus resulting in higher conversion rates and more optimised model for the lender ecosystem.
Skyline Financial Services Private Limited
Finbud Financial Services operates in Banking and Finance - FinTech and Prominent retail loan aggregation platform in India that helps people get personal loans, business loans, and home loans from banks and non-banking financial companies. The Issue would be listed on SME. The registrar of the Issue is Skyline Financial Services Private Limited. The IPO type of Finbud Financial Services is Book Building Process and Object of issue is
Merchant Banker of Finbud Financial Services IPO is SKI Capital Services Limited
The DRHP (Draft Red Herring Prospectus) of Finbud Financial Services IPO was filed on 30 Jan 2025.
No, Finbud Financial Services IPO is not yet listed. See other upcoming SME IPOs here.
The IPO open date and IPO close date of Finbud Financial Services are not available now. You can apply in Finbud Financial Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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