StashFin partners with DMI Finance to raise Rs 30 crore for onward lending

Digital lending platform StashFin has partnered with non-banking financeNSE 1.18 % company DMI Finance to raise Rs 30 crores for onward lending through their platform The company aims to augment its portfolio to meet the growing needs from their customers.

StashFin, a digital lending venture, started by a team of former financial servicesNSE 0.84 % professionals, is designed to make lending easy, transparent, safe and secure for borrowers across India. The credit is delivered either through a bank account or through an innovative prepaid card, where the interest is charged only on the amount withdrawn.

“We aim to fuel the aspirations of our customers through an easy and seamless credit-lending, digital model. In a short span we have to increase our customer base several fold. Our partnership with DMI Finance will further help us to accelerate our growth and increase our imprint across India," said Tushar Aggarwal, founder of StashFin.