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Small business lender Five Star gets $234 mn in new investment round

Chennai-based registered non-banking finance company will use the capital to expand its business.

Topics
NBFCs | shadow banking | financial services

T E Narasimhan  |  Chennai 



Many fintechs are in talks with banks to deepen their partnerships; or merge to become part of the former’s digital platforms with talks being initiated by PEs
Many fintechs are in talks with banks to deepen their partnerships; or merge to become part of the former’s digital platforms with talks being initiated by PEs

A consortium will invest $234 million in Chennai-based Five-Star Business Finance Limited (Five Star) in a deal that values the small-businesses lender at $1.4 billion, the parties announced on Friday.

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First Published: Fri, March 26 2021. 14:36 IST

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