DMI Group, a Delhi based NBFC Group has now secured funding of $123 million from the South Korean gaming company Nexon.
This round of equity is led by the DMI Limited, the holding company of the Indian lending arms of DMI. The investment of DMI Limited was, in turn, led by the NXC Corporation, said the announcement.
DMI, as of now, has plans to use the fresh funding to accelerate its balance sheet growth in the digital consumer and micro, small and medium enterprises finance businesses. With more than 300 million Indians waiting to be “fin-cluded”, Nexon will be able to financial technology segment in India.
