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AvenuesAI Eyes 2.5% Stake in Ratnaafin Capital
29 May
Summary
- AvenuesAI plans a minority investment of up to 2.5% in Ratnaafin Capital.
- The investment aims to build an AI-led embedded finance ecosystem.
- Ratnaafin Capital is an NBFC focused on SME financing.
AvenuesAI Limited is set to acquire a minority investment of up to 2.5% in Ratnaafin Capital, an established new-age NBFC. This strategic move is designed to foster an AI-led embedded finance and digital lending ecosystem through collaborations with specialized NBFCs.
The company's board has approved this investment, aligning with a "liability-light" strategy. AvenuesAI aims to function as an AI-driven distribution and orchestration platform, while partner NBFCs will manage underwriting and lending operations.
This partnership is expected to synergize AvenuesAI's AI infrastructure, payment systems, and merchant network with Ratnaafin's strong SME lending capabilities. Such a collaboration will expand embedded lending opportunities, with AvenuesAI leveraging platforms like CCAvenue and Rediff.
Ratnaafin Capital, based in Ahmedabad, is an RBI-registered NBFC that offers SME financing. AvenuesAI's investment marks its expansion into India's burgeoning AI-led digital lending infrastructure, focusing on risk monitoring and customized lending products.
