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Railsbank, by way of subsidiary Railspay, secures AFSL to allow Australian manufacturers to create embedded finance experiences

SYDNEY, Feb. 24, 2022 /PRNewswire/ — Railspay, the wholly owned Australian subsidiary of world-leading embedded finance expertise platform Railsbank, has secured an impartial Australian monetary providers licence (AFSL) to allow extra modern shopper manufacturers to harness the facility of embedded finance experiences.

Railsbank APAC COO & Australia GM Ben Smith

Embedded finance experiences supply manufacturers a variety of helpful advantages together with elevated frequency of shopper interplay, larger loyalty and spend, and deeper, data-driven, buyer relationships.

The brand new licence, which sits alongside present Railsbank regulatory capabilities in UK, Europe, USA and Singapore, is a part of

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Manappuram Finance subsidiary raises $15 million loan from WorldBusiness Capital

MUMBAI: Asirvad Microfinance Ltd, a subsidiary of Manappuram Finance, on Monday said it has raised $15 million loan from WorldBusiness Capital.

The commercial loan from WorldBusiness Capital, Inc., based in Hartford, Connecticut, has a tenure of seven years.WBC’s loan is supported by the US International Development Finance Corporation (DFC).

“This transaction with an international institution coming at this challenging juncture certainly gives a boost to the microfinance sector and reiterates the resilience Asirvad has always shown, and the speed at which it bounces back.”, said Raja Vaidyanathan, managing director, Asirvad Microfinance.

DFC partners with private sector entities to finance solutions

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