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Birla eyes top three slots in financial services business

17Apr

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Business

Birla eyes top three slots in financial services business

MUMBAI: Aditya Birla Group chairman Kumar Mangalam Birla has set an ambitious target for the financial services arm of the conglomerate to be among the top three players in each of its primary businesses - lending, asset management, insurance, and payments. Birla said this during the launch of Aditya Birla Capital Digital's new direct-to-customer app platform.He said that the platform would add three crore new customers in three years, almost doubling the existing customer base from 3.5 crore.Birla said that the group is now focusing on consumer-facing businesses. "The launch of new consumer-facing ventures marks the group's commitment to constructing a growth platform characterised by a unique confluence of strength and breadth. Just last month, we launched our paints business, with an i...

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Freedom Finance adds Reevo Money to its lending panel

UK-based digital lending marketplace Freedom Finance has added personal loans from Reevo Money to its lending panel. Through this partnership, Reevo Money's personal loan products will be accessible through Freedom Finance's network of partners as well as directly through its consumer-oriented marketplace. Freedom Finance currently maintains an extensive array of lending partners as it works with UK brands such as Creation Marketplace, Asda Money, and RAC. In essence, this recent collaboration with Reevo Money aims to provide enhanced choices for customers seeking loan options. Prospective borrowers eligible for these personal loans will have the opportunity to secure amounts ranging from GBP 1,000 to GBP 7,000, repayable over terms spanning 12 to 36 months. The proprietary m...