Credit Saison India, a non-banking financial company (NBFC), has secured $300 million through its maiden syndicated & bilateral External Commercial Borrowings (ECB) to drive growth.
The multi-currency issuance includes $200 million raised through a syndication deal with Axis Bank, DBS Bank and CTBC Bank. Additionally, a further $100 million ECB has been secured from a Public Sector Bank on a bilateral basis.
Presha Paragash, Whole Time Director & CEO of Credit Saison India, said, “The successful ECB syndication highlights our robust growth and marks a pivotal step in our expansion journey. The capital will accelerate our India-focused strategy, driving growth in wholesale lending, co-lending partnerships, and direct lending products. We’re doubling down on our presence by expanding beyond our 60+ branches to serve more customers nationwide, growing our secured lending portfolio for sustainable diversification and strengthening partnerships with fintechs and NBFCs. As a trusted lender, we remain committed to financial inclusion through innovation and responsible growth, reinforcing our position as a leading NBFC in India’s underserved credit markets.”
Kosuke Mori, CEO of Saison International, the international headquarters of Credit Saison, responsible for the global businesses of the group outside of Japan, said, “This latest ECB issuance, the first for Credit Saison India, marks a significant milestone in our global expansion journey and our commitment to grow our presence in India. It also reflects the rising confidence of leading financial institutions in our strategy for resilient, scalable growth across markets, and operational capabilities, with India in focus. We look forward to deepening our partnerships with our investors as we work toward our vision of being a global lender in underserved markets where access to capital can significantly drive financial inclusion at scale.”
Anudeep Ganguli, Chief Treasury Officer of Credit Saison India, said, “Securing funding from top lenders underscores their trust and confidence in Credit Saison India$B!G(Bs business model and long-term strategy. By diversifying our funding sources, we are able to optimise and expand our loan book while ensuring a sustainable and cost-effective funding base as we continue our business growth. This multi-party, multi-currency transaction is a significant step towards further liability diversification and ensuring financial resilience.”
Founded in 2019, Credit Saison India is an NBFC initially focused on wholesale lending and strategic tech-driven partnerships with leading NBFCs and fintechs, the company quickly diversified into embedded finance, offering seamless credit solutions to consumers through platform partnerships. Alongside this, Credit Saison India expanded its direct lending operations to MSMEs and has a physical presence that now spans 60+ branches across the country.
Credit Saison India has a portfolio of 2+ million active loans, an AUM of about $2 billion, and a team of over 1,300 employees.
