Bengaluru: DCB Bank Limited announced on Wednesday that it has acquired a minority equity stake of approximately nine percent in Bengaluru-based non-banking financial company Techfino Capital Private Limited (TCPL).
Techfino provides customized consumer loans in the education and healthcare sectors and is present in key metros and tier-II cities across India, the private sector bank said in a statement.
Financial details of the transaction were not disclosed. “The funds raised will be used in the enhancement of current tech stack apart from on-lending to customers,” the statement added.
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