According to a recent report by Praxis, D2C is a $12 billion market currently and expected to grow to $60 billion by FY27
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The company facilitated disbursals to over 1.2 lac merchants in Q1, FY23, up from 66,000 merchants in the last quarter of FY22
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The partnership leverages the expertise of RuPay, India's indigenous payment network, the long-standing reputation of Transcorp, and Tide’s vast experience with SMEs in the UK
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Showcasing renewed optimism in Indian economy, the company has announced that it has successfully established its presence across 130 cities pan-India
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Founded in 2011 by Matt Clifford and Alice Bentinck in London, operates as an early-stage investor, helping talented people find co-founders to partner with ahead of launching startups
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Acknowledging that access to affordable credit remains a challenge for all, especially MSMEs, B B Swain, Secretary of the Ministry of MSME, said efforts are being made to address the issue
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It said the funds will be mobilised through a jointly sponsored trust of Kerala State Financial Enterprises such as KFC, KSFE, KSIDC or any other financial institution owned/controlled by the Kerala government
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