Digital banking startup Freo has acquired a 100% stake in credit marketplace IndiaLends, pending regulatory approvals. The move will combine Freo’s licences and product stack with IndiaLends’ marketplace distribution, targeting profitable growth at scale. Freo says the combined platform can serve over 5 crore users, with AI embedded across the stack, while both brands will operate independently.
Banking and financial services veteran Deepak Parekh says global geopolitical shocks are unlikely to create systemic risk for India’s BFSI sector. Still, he expects a short-term slowdown in loan growth. Parekh also flagged rising REIT momentum, low insurance penetration, moderated deposit mobilization as retail shifts to mutual funds, and an AI transition that’s only beginning in finance.
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