TVS Credit Services Valuation, Funding & Investors

FinVolution Group is a provider of online consumer finance in China. The company offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company generates revenues from fees charged to borrowers. The Group’s long-lived assets are located in the PRC, and its revenues are derived from within the PRC.

Katapult Holdings Inc. is a technology-driven lease-to-own platform that integrates with omni-channel retailers and e-commerce platforms to power the purchase of everyday durable goods for underserved U.S. non-prime consumers. It is an e-commerce-focused FinTech company offering a lease-purchase solution to consumers and enabling essential transactions at the merchant point of sale. Katapult is associated with hundreds of retailers across the United States.

Mintifi is a Mumbai-headquartered digital lending platform extending quick loans and supply chain financing to small and medium enterprises throughout India. It integrates with WhatsApp and other channels to simplify funding access and operational efficiency for business borrowers.

Green Dot Corp is a financial technology company that provides financial services for consumers in the United States without good banking options. It has three segments Consumer Services, Business to Business Services(B2B), and Money Movement Services. The company generates maximum revenue from B2B segment. Its B2B Services segment consists of revenues and expenses derived from (i) its partnerships with prominent consumer and technology companies that make banking products and services available to their consumers, partners and workforce through integration with its banking platform (the "Banking-as-a-Service", or "BaaS channel"), and (ii) a comprehensive payroll platform that it offers to corporate enterprises (the "Employer channel") to facilitate payments for today’s workforce.

Stashfin is a Mumbai-based fintech platform offering instant personal loans from ₹1,000 to ₹5 lakhs at 21-45% APR over 12-36 months. Regulated by RBI, it also enables investments in SEBI-approved corporate bonds starting at ₹10,000 with up to 15% annual returns and monthly interest. Additional products cover term life, device, and UPI fraud insurance.

Turtlemint is a Mumbai-headquartered online insurance aggregator operating in India. The platform offers car, two-wheeler, health, life, and home policies from 30 insurers including ICICI Lombard and HDFC Ergo. Users input details for personalized comparisons and instant purchases via Aadhaar-linked e-signing. Turtlemint trains 15,000 agents through its advisor network for offline support. Founded in 2015, the company expanded to 500 cities with backing from Bertelsmann India Investments.

Propel Holdings Inc is a financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, online lending platform. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora Credit.

Yixin Group Ltd is an online automobile finance transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation of auto loans to consumers offered by its auto finance partners. Self-operated financing segment comprises of auto finance solutions through financing leases. The company generates a majority of its revenue from the Transaction Platform segment.

Funding Circle Holdings PLC provides an online lending platform through which borrower loans are originated and allocated to investors and comprising the different online lending platforms across the company's geographies. Company's segment includes: Term Loans and FlexiPay. The sectors includes: Wholesale & retail, Real Estate, Health & other service activities, Other manufacturing, IT & telecommunication The company's geographical segments include the United Kingdom, the United States, and developing markets. It derives the majority of its revenue from the United Kingdom region.

Qfin Holdings Inc Formerly Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.

China Rapid Finance is an online consumer lending marketplace that connects borrowers and lenders to serve China's emerging middle class, particularly people without access to traditional bank credit. Founded in 2001 by Zane Wang, the company built proprietary Automated Credit Decisioning and Risk Based Pricing technology to approve loans quickly based on assessed credit risk. It has facilitated millions of loans and helped Chinese banks issue more than 100 million credit cards, building a multi-data, multi-channel lending platform for underserved consumers.

Oxyzo is a Mumbai-based financial services platform offering cash flow-based lending and supply chain finance to small and medium enterprises in India. The company underwrites loans using digital transaction data from platforms like Razorpay and Amazon Seller, disbursing funds within 24 hours for inventory purchases and expansion. Oxyzo partners with e-commerce marketplaces to finance over 100,000 SMEs annually, focusing on sectors like consumer goods and electronics manufacturing.

Upbound Group Inc is an omnichannel platform company committed to elevating financial opportunity for all through inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. It has four operating segments; The Rent-A-Center Business segment operates lease-to-own stores, the Acima segment offers the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer, and also offers the lease-to-own transaction through virtual offering solutions, Mexico segment offers lease-to-own stores in Mexico. The The Brigit segment offers various financial health products and tools to help users improve their financial health. The company derives a majority of its revenue from the Acima segment.

InCred is a Mumbai-headquartered digital lending platform offering personal, home, education, and MSME loans. Powered by data analytics and machine learning, it assesses creditworthiness using alternative data sources for quick disbursals up to ₹50 lakh. Founded in 2016, InCred serves 2 million customers nationwide with partnerships to payment banks and operates under RBI NBFC-AA license.

Billie is a Berlin-based fintech company founded in 2016 that offers invoice financing and pay-after-delivery options for small and medium enterprises. Merchants integrate its automated solution for B2B e-commerce on platforms like Amazon and eBay Kleinanzeigen, securing working capital through factoring. The service extends payment terms up to 90 days while handling credit checks and collections.

iCred is a São Paulo-based fintech platform enabling personal credit and payroll-deducted loans through fully digital interfaces. Its API integrates with corporate payroll systems and business platforms, allowing instant approvals and disbursements for employees in Brazil.

Progcap is a New Delhi-headquartered fintech providing collateral-free working capital to micro and small retailers in semi-urban and rural India. Founded in 2017, the platform underwrites loans using alternative data from supply chains and e-commerce, disbursing funds within 24 hours up to ₹20 lakhs. Progcap supports over 50,000 businesses with invoice financing and inventory credit across 15 states.

OppFi Inc is a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. It recognizes revenue through finance charges on installment and SalaryTap contracts based on the interest method.