Japan's Mizuho to take 15% stake in Indian digital lender

Banking group targets demand for nontraditional financing via Credit Saison unit

20240207N Mizuho

Mizuho Financial Group is making inroads in the fast-growing Indian market. (Photo by Jun Watanabe)

JUN WATANABE, Nikkei staff writer

TOKYO -- Japan's Mizuho Financial Group plans to take a roughly 15% stake in Kisetsu Saison Finance (India), which issues loans to individuals and small businesses online.

The investment is estimated at 12 billion rupees ($145 million). Mizuho looks to absorb Kisetsu Saison's know-how in digital lending to tap India's growing demand for financing.

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