Merger Micro Finance IPO – Merger of growth with micro finance : Reliance Securities | Techno Glob

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Reliance Securities IPO Report

Fusion Micro Finance Ltd. is the second largest player in the microfinance sector as of March 2022, which mainly caters to women entrepreneurs who belong to the economically and socially disadvantaged section of the society.

In addition to financial support, the company also helps clients manage their finances through financial literacy.

Fusion Micro Finance operates on a joint liability group lending model, in which a small number of women form a group, typically comprising five to seven members, and guarantee the loans of others. Fusion has the fourth fastest gross loan portfolio compound annual growth rate of around 54% between FY2017-21 among the top 10 non-bank financial companies and microfinance institutions in India.

Fusion Micro Finance has embraced technology by adopting cloud computing software and enabling the automation and digitization of several processes in business functions including customer onboarding, customer service, loan disbursements, audit internal and risk management.

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