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The founders of <keyword id="6414960" type="General" weightage="20" keywordseo="zestmoney" source="Orion">ZestMoney</keyword>, India's digital EMI financing platform, have reportedly resigned as the Goldman Sachs-backed fintech startup has failed to raise fresh capital. According to a TechCrunch report, its founders <keyword id="6632662" type="General" weightage="50" keywordseo="lizzie-chapman" source="Orion">Lizzie Chapman</keyword>, <keyword id="291941" type="General" weightage="50" keywordseo="priya-sharma" source="Orion">Priya Sharma</keyword> and Ashish Anantharaman informed employees about their decision via an email. "Over the last few weeks, we have done a lot of thinking and it has been hard for us to arrive at this conclusion. We have immense belief and faith in the potential that ZestMoney has," the founders wrote. "We will also ensure to provide full support to the incoming management team and do everything we can to support them for the next 4 months to ensure a smooth transition," they added. Chapman said that she and other founders remain shareholders in ZestMoney. The founder's decision came after a potential deal to acquire ZestMoney by leading fintech company PhonePe fell through recently. ZestMoney was valued at $445 million last year and has raised over $130 million from a range of investors, like <keyword id="2126501" type="General" weightage="50" keywordseo="ribbit-capital" source="Orion">Ribbit Capital</keyword>, Omidyar Network, PayU, Xiaomi and Alteria Capital, among others. Last month, Bengaluru-based ZestMoney laid off about 20 per cent of its workforce, which impacted nearly 100 employees. The company last year had a network of merchants with more than 10,000 online partners and 75,000 physical stores. It reported a registered user base of 17 million and was live at 85,000 retail touch-points across the country. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a> <a href="https://www.businessinsider.in/tech/news/8-things-that-google-bard-can-do-but-chatgpt-cannot/articleshow/100187360.cms">8 things that Google Bard can do, but ChatGPT cannot</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-silence-fake-calls-from-unknown-numbers-on-whatsapp/articleshow/100186824.cms">How to silence calls from unknown numbers on WhatsApp</a>

ZestMoney founders quit as fintech startup fails to raise capital

<ul><li>This survey by <keyword id="6414960" type="General" weightage="20" keywordseo="zestmoney" source="Orion">ZestMoney</keyword> reveals insights on consumer spending and saving habits.</li><li>78% of respondents say they have saved up to spend this year.</li></ul>According to the pan-India survey conducted by ZestMoney, a Buy Now, Pay Later platform, 78% of the respondents say they have been saving up to splurge in the coming months. Indicating a strong revival in consumer spending habits, 62% of them said they have planned to increase the festive budget compared to last year. The consumer survey was conducted to understand consumer shopping habits and preferences for the ongoing <keyword id="36208" type="General" weightage="20" keywordseo="festive-season" source="Orion">festive season</keyword>. The pan-India survey saw participation from 3,800 respondents, the majority of them being millennials. Smartphones, electronics, and fashion have emerged as the top categories where people planned to splurge in the coming months. A whopping 72% choose smartphones and consumer electronics as their preferred choice to shop. Home decor, jewelry, automobiles, personal care products are the other popular categories. The Indian festive season is a crucial time as consumer demand is at its peak with many planning several small and big-ticket purchases. With increased vaccination and the general opening of the economy, the survey has witnessed a positive sentiment around budgets and shopping at physical stores. 75% of the surveyed respondents said they were more comfortable shopping at physical stores than last year. While online shopping continues to be popular among people, 53% said they would shop at both online and offline stores for their needs this year. Indicating an increase in discretionary spending and budgets, 67% of people say they plan to spend on gifting family and friends. It is interesting to note that 59% of them revealed that they plan to use Buy Now, Pay Later/EMI options for their shopping needs. UPI, Credit Cards, and cash payments were other popular options. Affordability solutions continue to play a crucial role in these times as people look at ways to plan their finances better. Commenting on the survey, <keyword id="6632662" type="General" weightage="20" keywordseo="Lizzie-Chapman" source="Orion">Lizzie Chapman</keyword>, CEO &amp; Co-founder of ZestMoney said, “We expect this to be a dhamaka festive season and the signs are already visible. People have started spending and the consumer demand is very upbeat for the next 3 months. We have seen customer applications go up by 10X on our platform and we have had to increase credit limits for select customers as many reach out asking for it. It’s interesting to see the survey suggesting people want to spend more this year compared to last year.” “One noticeable difference is people are more comfortable shopping at retail stores and the footfalls are promising. We are seeing massive interest from retailers wanting to enable Buy Now, Pay Later at their stores. We will soon have a network of 1 lakh physical stores across the country owing to the festive demand. Overall we expect a 3X YoY growth this festive season with demand across categories from electronics, home appliances, smartphones, and electric bikes”, added Chapman.

72% of Indians plan to splurge on electronics and gadgets during the festive season: Report

<ul><li><keyword id="6553953" type="UNKNOWN" weightage="20" keywordseo="creditbee">CreditBee</keyword> is reportedly <keyword id="874458" type="LOCATION" weightage="100" keywordseo="Xiaomi">Xiaomi</keyword>’s new <keyword id="3088449" type="PERSON" weightage="20" keywordseo="micro-lending">micro lending</keyword> platform in India. </li><li>Experts expect India’s <keyword id="2461546" type="PERSON" weightage="20" keywordseo="FinTech">fintech</keyword> industry to double in the next two years.</li><li>The service will issue <keyword id="1628688" type="PERSON" weightage="20" keywordseo="micro-loans">micro loans</keyword> at a 3% rate of interest for a period of 90 days. </li></ul>Chinese smartphone maker Xiaomi is launching their new lending platform in India. The micro-lending product is named CreditBee since the service has been launched in partnership with <keyword id="3538270" type="PERSON" weightage="20" keywordseo="KrazyBee">KrazyBee</keyword>. The company has yet to make an official announcement, but a source speaking to <a href="https://tech.economictimes.indiatimes.com/news/internet/xiaomi-launches-its-first-lending-product-in-india/64282329">ETtech</a> claimed that the platform is already live and the company will officially unveil it in the coming weeks. Microloans are essentially loans of small value issued at a low rate of interest. Over the past couple of years, it’s become quite an attractive <a href="https://www.moneycontrol.com/news/business/personal-finance/7-emerging-lending-options-you-should-explore-to-raise-funds-2566149.html">alternative</a> for under-represented groups or start-ups, who don’t necessarily require a huge loan. On CreditBee, consumers will be able to avail loans <a href="https://inc42.com/buzz/xiaomi-launches-lending-product-creditbee-with-krazybee/">starting</a> from ₹1,000 to ₹100,000. The term of the loans is 90 days, at an interest rate of 3 percent. Their target audience is salaried professionals who need short-term, small amount loans. KrazyBee, Xiaomi’s partner for this venture, is amongst the companies Xiaomi invested in. It was only last year that they <a href="https://tech.economictimes.indiatimes.com/news/startups/krazybee-raises-8-million-from-xiaomi-tech-and-others/61111187">led</a> an $8 million round for the company, which is based out of Bengaluru. And now, Xiaomi may even be <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/xiaomi-is-in-advanced-talks-to-pick-up-stake-in-zestmoney/articleshow/63675367.cms">looking</a> into making a second investment in the fintech industry with <keyword id="6414960" type="UNKNOWN" weightage="20" keywordseo="ZestMoney">ZestMoney</keyword>. ZestMoney is the company that fuels EMI-loans on Mi.com at the moment. Reports <a href="https://tech.economictimes.indiatimes.com/news/mobile/xiaomi-is-in-advanced-talks-to-pick-up-stake-in-zestmoney/63675487">indicate</a> that the former is looking to raise around $20 million through Xiaomi and its existing investors, like PayU. It’s not surprising that Xiaomi is looking at the fintech industry. The company already has a few lending platforms back home in China. Also, it had <a href="https://www.techradar.com/news/xiaomi-plans-to-launch-6-new-smartphones-expand-its-non-smartphone-portfolio-in-2018">indicated</a> earlier that it would like to expand its business beyond the smartphone arena and build a non-smartphone portfolio. With the country’s demographic dividend hitting its peak, more and more products are being targeted towards salaried individuals. Experts <a href="https://www.financialexpress.com/economy/economic-boom-in-india-coming-soon-massive-number-of-consumers-eligible-for-credit-heres-what-it-means/1175548/">speculate</a> that there are nearly 150 million consumers who aren’t 'credit active' right now but are eligible to turn into retail credit borrowers. Their analysis suggests that tapping into that potential could result in big growth opportunities for companies in the lending industry, which in turn will provide a boost to the economy. That being said, India has <a href="https://www.foxbusiness.com/markets/the-10-countries-where-people-save-the-most-money">historically</a> been a savings oriented nation, though that trend has been slowly been <a href="http://www.ey.com/Publication/vwLUAssets/ey-the-battle-for-the-indian-consumer/$File/ey-the-battle-for-the-indian-consumer.pdf">reversing</a> since the dawn of liberalisation and privatisation in 1992. With the fintech software market set to <a href="http://www.nasscom.in/knowledge-center/publications/fintech-india-global-growth-story">double</a> to $2.4 billion by 2020 from the current $1.2 billion, the transformation will only gain momentum. Currently, India is the biggest market for Xiaomi, second only to China. The company’s Indian operations even <a href="https://economictimes.indiatimes.com/tech/hardware/xiaomi-turns-profitable-in-third-year-in-india/articleshow/61954734.cms">started</a> turning a profit in FY 2017, which marked Xiaomi’s third year in the country with sales of around ₹8,379 crore.

After conquering the smartphone space, Xiaomi now wants to enter India’s fintech industry

<ul><li><keyword id="6485927" type="ORGANIZATION" weightage="20" keywordseo="realme">Realme</keyword> announced its entry into financial services with Realme Payसा. </li><li>It comes days after <keyword id="874458" type="COMPANY" weightage="20" keywordseo="Xiaomi">Xiaomi</keyword> launched its credit lending platform Mi Credit. </li><li>In the smartphone segment, Xiaomi holds a 27.1% market share, whereas Realme has a 14.3% share in the Indian market. </li></ul> Indian smartphone maker Realme announced its entry into financial services with Realme Payसा. It hopes to acquire 25 million users in the next two years. Its entry into financial services comes days after Xiaomi launched its credit lending platform Mi Credit. “We aim to repeat our success in the mobile business and become one of the top 5 new entrants in financial services in the next 2-3 years. We are evaluating the launch of mobile phone financing and payments in 2020,” said Madhav Sheth, CEO- realme India. Both Xiaomi and Realme are competing in the Indian affordable smartphones category and now they will continue it their fight in the financial services segment too as well. According to <a href="https://techcrunch.com/2019/11/11/realme-india-xiaomi-market-share/">reports</a>, Xiaomi holds a 27.1% market share in smartphones, whereas Realme has a 14.3% share in the Indian market. Realme’s offering is similar to that of Xiaomi. realme Payसा beta app offers digital personal loans upto ₹1 lakh and digital SME loans upto ₹5 lakh. Mi Credit too offers personal loans upto ₹1 lakh, after one registers on the platform with relevant details. In China, Xiaomi has already disbursed ₹1 lakh crore in loans since its launch in 2015 and for all of its financial services – payment, credit, wealth and insurance, it has a user base of 45 million. While Xiaomi has partnered with Aditya Birla Finance Limited, Money View, EarlySalary, Zestmoney and CreditVidya, Realme has associated with Early Salary, Lending Kart and Credit Mantri. SEE ALSO <a href="https://www.businessinsider.in/business/news/xiaomi-launches-mi-credit-in-india/articleshow/72350148.cms">Xiaomi’s Mi Credit promises to give you a loan by the time you order and finish a cup of coffee</a>

Smartphone makers Realme and Xiaomi will compete in the financial services market too

After the success of its pilot programme in India, Xiaomi is back with its digital lending platform <keyword id="6552363" type="UNKNOWN" weightage="20" keywordseo="Mi-Credit">Mi Credit</keyword>. Through the app, the company provides instant loans up to ₹1 lakh to users within five minutes. Earlier, Xiaomi had partnered with KreditBee to disburse loans. This time around, it has partnered with Aditya Birla Finance, Money View, EarlySalary, CreditVidya and ZestMoney. Xiaomi is providing real-time disbursements and supports all major banks on its platform. How to avail an <keyword id="4381247" type="PERSON" weightage="20" keywordseo="instant-loan">instant loan</keyword> from Mi Credit The loan application process is 100% digital and takes just five minutes. Just follow the below steps to avail a loan up to ₹1 lakh from Mi Credit: <ul><li>Download the <a href="https://play.google.com/store/apps/details?id=com.micredit.in.gp">Mi Credit</a> app from the Google Play Store.</li><li>Sign in using your phone number or your Mi account.</li><li>Once you sign in, you will see a banner that says, ‘Maximum loan amount ₹1,00,000’.</li><li>Click on the ‘Complete’ button.</li><li>Now, enter the required information such as your name, gender, date of birth, email ID, PAN number and pin code.</li><li>Agree to the terms and conditions at the end and click on ‘Submit’.</li><li>You will then be asked to submit your address proof and a selfie as part of KYC.</li><li>A loan profile will inform you whether you are eligible for a loan.</li><li>If you are eligible, you will be asked to submit your bank account details and the loan will be disbursed to your account.</li></ul>How to check your credit score on Mi Credit app In addition to availing an instant loan, you can also check your credit score on the Mi Credit app for free. <ul><li>Download the <a href="https://play.google.com/store/apps/details?id=com.micredit.in.gp">Mi Credit</a> app from the Google Play Store.</li><li>Sign in using your phone number or your Mi account.</li></ul><ul><li>At the bottom bar, click on ‘Profile’.</li><li>Now, click on ‘Credit Report’.</li><li>Provide the required details, including your PAN number.</li><li>Agree to the terms and conditions at the bottom and click on ‘Submit’.</li></ul>Once your credit report is ready, it will be sent to your registered email address.

Here’s how you can avail an instant loan from Mi Credit

New Delhi, Dec 3 () Chinese smartphone major Xiaomi on Tuesday formally launched its lending solution, Mi Credit, in the Indian market.
 This is Xiaomi's second finance solution to be launched in India after Mi Pay.
 "Mi Credit is an online curated marketplace for lending to offer the best personal loans... People can get up to Rs 1 lakh of loan and the process takes minimal time," Manu Jain, Vice President, Xiaomi and Managing Director, Xiaomi India told reporters here.
 He added that the opportunity in online credit lending in India is estimated to touch Rs 70 lakh crore by 2023.
 Citing a CIBIL report, Xiaomi said there are over Rs 4 lakh crores worth of personal loans outstanding from nearly 1.9 crore customers, with each user accounting to an almost Rs 2 lakh of outstanding amount.
 Of these 1.9 crore customers, majority tend to avail it for medical emergencies followed by shopping, wedding, travel and education purposes.
 The current lending partners for Mi Credit are primarily NBFCs or Fintechs such as Aditya Birla Finance Ltd, Money View, EarlySalary, Zestmoney and CreditVidya.
 "It's built as the first personal loan choice for aspirational young professionals and millennials. Mi Credit solves most challenges associated with the traditional lending industry with a 100 per cent digital experience," Jain said.
 Mi phone users can also check their credit score on the app for free.
 "All user data on Mi Credit is stored securely in encrypted format in India through our partner Amazon Web Services Cloud Infrastructure," he said.
 Mi Credit has been running in India in a pilot format, and has already disbursed loans of over Rs 28 crore in November this year.
 Over 20 per cent of its users availed the highest amount of loan of Rs 1 lakh.
 Currently, Mi Credit services more than 10 states spanning across 1,500 pin codes, and aims to expand its availability to 100 per cent of the pin codes by the end of FY2019, Jain said.
 Mi Credit app will come pre-loaded on all MIUI phones, and can be downloaded from Google Play Store and GetApps, Xiaomi's own app store.
 Mi Pay is a UPI based payment app available on all MIUI phones, and can be downloaded from GetApps and Google Play Store. It was launched in India in March 2018, and within nine months has already captured over 20 million registered users.
 Hong Feng, Co-Founder and Senior Vice President, Xiaomi Corporation and Chairman and CEO, Xiaomi Finance said the company's Mi Finance business started four years ago in China.
 "Today, we have over 300 million Mi Fans in our global community and having understood their consumption behaviour - it is one of the strengths we aim to leverage to build a stronger Mi Finance business globally," he added. SR DRR

Xiaomi launches Mi Credit lending solution in India

<ul><li>Smartphone giant, <keyword id="874458" type="COMPANY" weightage="20" keywordseo="Xiaomi">Xiaomi</keyword> is all set to enter <keyword id="6355260" type="UNKNOWN" weightage="20" keywordseo="NBFC">NBFC</keyword> sector to provide consumer loan and b2b credits. </li><li>Its newly registered company, Xiaomi Financial Services India is soon going to seek RBI’s permission to commence operation as NBFC. </li><li>The board of directors include Xiaomi’s Corp co-founder Feng Hong and Xiaomi’s India MD <keyword id="1677962" type="PERSON" weightage="20" keywordseo="Manu-Kumar-Jain">Manu Kumar Jain</keyword>. </li></ul>The Chinese smartphone manufacturer, Xiaomi is mulling an entry into India’s Non Banking Financial Company (NBFC) sector by launching its new company Xiaomi Financial Services India. The company plans to provide consumer financing and business-to-business lending in India. The new company was established on 10 October as a subsidiary of Xiaomi Singapore Fintech and Xiaomi Finance HK Ltd. The newly incorporated company is yet to seek RBI’s approval to operate as a NBFC in India. It has nominated Xiaomi Corp co-founder Feng Hong and Xiaomi India MD Manu Kumar Jain as the board of directors for Xiaomi Financial Services. According to recent media reports, the smartphone major is planning to offer consumer loans against e-commerce purchases such as home appliances, electronics and apparels. Further, it is also looking forward to provide credit to business against any acquisition of assets and goods. All the services will be provided using online platforms. Xiaomi has already launched <keyword id="6552363" type="UNKNOWN" weightage="20" keywordseo="Mi-Credit">MI Credit</keyword> and <keyword id="5621021" type="UNKNOWN" weightage="20" keywordseo="Mi-finance">MI Finance</keyword> as Fintech in India. MI Credit with KreditBee provides personal loans, whereas, MI Finance has tied up with ZestMoney to provide the EMI facility.

After making its debut in fintech, Xiaomi to enter Indian NBFC sector soon

<ul class="summary-list"><li>This story was delivered to Business Insider Intelligence Fintech Briefing subscribers earlier this morning.</li><li><a href="https://store.businessinsider.com/products/fintech-pro-membership?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=top_text&amp;itm_term=bundle_subscription_text_link-flipkart-teams-up-with-aegon-for-life-insurance-offering-2020-3">To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here.</a></li></ul>India-based e-commerce company Flipkart has teamed up with legacy insurer Aegon Life Insurance, <a href="https://e.businessinsider.com/click/19748275.4/aHR0cHM6Ly95b3Vyc3RvcnkuY29tLzIwMjAvMDMvZmxpcGthcnQtcGFydG5lcnNoaXAtYWVnb24tbGlmZS1pbnN1cmFuY2UtZGlnaXRhbC1wb2xpY2llcw/5d233c18f730436f2414784fBdf2636dd" target="_blank" rel="noopener">per</a> Your Story. Under the partnership, Flipkart will sell Aegon's policies via its own platform. The life insurance policy coverage options sold on Flipkart will vary from Rs 1 lakh ($1,349) to Rs 10 lakh ($13,491), with the premiums for the former starting at Rs 129 ($1.74). Policies will be available for existing Flipkart customers between the ages of 18 and 65.By diversifying its offering into life insurance, Flipkart could boost its e-commerce market share, and given the firm's already large user base, uptake for the new service could be high.Offering fintech services could be a boon for Flipkart as it competes for market share with Amazon in India. As of 2019, Amazon was India's e-commerce leader, but Flipkart is on track to <a href="https://e.businessinsider.com/click/19748275.4/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS9wb3N0L2ZsaXBrYXJ0LXNldC10by1vdmVydGFrZS1hbWF6b24taW4taW5kaWEtbWFsbC1vcGVyYXRvci1hZGRzLW9ubGluZS1vdXRsZXQtbHVsdWxlbW9uLXRocml2ZWQtb25saW5lLWluLTIwMTgtMjAxOS0zP2NpZD1zZWFyY2g/5d233c18f730436f2414784fBb2be9394" target="_blank" rel="noopener">overtake</a> the tech giant by 2023. Flipkart has dabbled in the fintech world - last year, for example, the e-commerce firm <a href="https://e.businessinsider.com/click/19748275.4/aHR0cHM6Ly90ZWNoLmVjb25vbWljdGltZXMuaW5kaWF0aW1lcy5jb20vbmV3cy9zdGFydHVwcy96ZXN0LW1vbmV5LXBhcnRuZXJzLXdpdGgtZmxpcGthcnQtdG8tcHJvdmlkZS1lbWlzLXdoaWxlLWJ1eWluZy1wcm9kdWN0cy1vbmxpbmUvNjg3MDM3NDU/5d233c18f730436f2414784fBe4243a81" target="_blank" rel="noopener">teamed up</a> with alt lender ZestMoney to give its users access to point-of-sale finance options when buying products online on its platform - but this marks its first big push into the industry.And offering fintech services in India will likely pay off: The country has the highest global fintech adoption rate (87%) among digitally active consumers, compared with the global average of just 64%, <a href="https://e.businessinsider.com/click/19748275.4/aHR0cHM6Ly9hc3NldHMuZXkuY29tL2NvbnRlbnQvZGFtL2V5LXNpdGVzL2V5LWNvbS9lbl9nbC90b3BpY3MvYmFua2luZy1hbmQtY2FwaXRhbC1tYXJrZXRzL2V5LWdsb2JhbC1maW50ZWNoLWFkb3B0aW9uLWluZGV4LnBkZg/5d233c18f730436f2414784fB8bb0e5eb" target="_blank" rel="noopener">per</a> EY. Hence, consumers in the country will likely be willing to try out the new digital service.Additionally, life insurance penetration in India is low, which is both an opportunity and a hurdle. Insurance penetration in India stood at just 3.7% during the fiscal year 2018-19, compared with the global average of 6%, per <a href="https://e.businessinsider.com/click/19748275.4/aHR0cHM6Ly9jYWZlbXV0dWFsLmNvbS9uZXdzL2luc3VyYW5jZS8xODE5Ny1pbmRpYXMtaW5zdXJhbmNlLXBlbmV0cmF0aW9uLWlzLWp1c3QtMzc/5d233c18f730436f2414784fB793362fd" target="_blank" rel="noopener">data</a> from IRDAI.The low adoption could be due to lack of awareness and availability of appropriate insurance services, which Flipkart's digital offering could improve upon: The e-commerce giant already has around <a href="https://e.businessinsider.com/click/19748275.4/aHR0cHM6Ly9leHBhbmRlZHJhbWJsaW5ncy5jb20vaW5kZXgucGhwL2ZsaXBrYXJ0LXN0YXRpc3RpY3Mv/5d233c18f730436f2414784fBa99747c8" target="_blank" rel="noopener">160 million</a> registered users on the platform, and it could convert them into policyholders. That said, Flipkart will likely also have to spend heavily on marketing efforts to make consumers aware of the benefits of life insurance.Flipkart's move adds to the number of other nonfinancial services firms dipping into fintech via partnerships. This announcement adds Flipkart to the various other companies making strides into the financial services industry by teaming up with fintechs or legacy players: Apple, for example, <a href="https://e.businessinsider.com/click/19748275.4/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS9wb3N0L2FwcGxlLWNhcmQtaXMtaGVyZS1hbmQtcHJpbWFyeS1yZXNlYXJjaC1zaG93cy1jb25zdW1lcnMtYXJlLWF3YXJlLWFuZC1pbnRlcmVzdGVkLTIwMTktOD9jaWQ9c2VhcmNo/5d233c18f730436f2414784fBb16b100e" target="_blank" rel="noopener">partnered</a> with Goldman Sachs for its credit card venture last year, while ride-hailing giant Uber <a href="https://e.businessinsider.com/click/19748275.4/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS9wb3N0L2Zpbm5pc2gtZmludGVjaC1wYXJ0bmVycy13aXRoLXViZXItbW9uem8tb3ZlcmhhdWxzLTNkLXNlY3VyZS1wcm9jZXNzaW5nLTIwMTgtOD91dG1fc291cmNlPVRyaWdnZXJtYWlsJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPVBvc3QlMjBCbGFzdCUyMCUyOGJpaS1maW50ZWNoJTI5OiUyMFNvRmklRTIlODAlOTlzJTIwJTI0NTAwTSUyMHJhaXNlJTIwaXMlMjBhJTIwd2FybmluZyUyMGZvciUyMGluY3VtYmVudHMlMjAlN0MlMjBCcmV4JTIwc2V0JTIwZm9yJTIwJTI0MkIlMjB2YWx1YXRpb24lMjAlN0MlMjBVYmVyJTIwaW5rcyUyMGluc3VyYW5jZSUyMHBhcnRuZXJzaGlwJnV0bV90ZXJtPUJJSSUyMExpc3QlMjBGaW50ZWNoJTIwQUxM/5d233c18f730436f2414784fB974afac1" target="_blank" rel="noopener">inked</a> a deal with Holvi, a Finnish banking service provider for small- and medium-sized businesses (SMBs), to offer its drivers access to financial services. Going down the partnership route will likely help nonfinancial companies ensure they're offering appropriate services.Want to read more stories like this one? Here's how to get access:<ol><li>Business Insider Intelligence analyzes the fintech industry and provides in-depth analyst reports, proprietary forecasts, customizable charts, and more. &gt;&gt; <a href="https://www.businessinsider.com/intelligence/corporate-check?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=learn_more_text&amp;itm_term=enterprise_text_link-flipkart-teams-up-with-aegon-for-life-insurance-offering-2020-3">Check if your company has BII Enterprise membership access.</a></li><li>Sign up for the Fintech Briefing, Business Insider Intelligence's expert email newsletter tailored for today's (and tomorrow's) decision-makers in the financial services industry, delivered to your inbox 6x a week. &gt;&gt; <a href="https://store.businessinsider.com/products/fintech-pro-membership?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=learn_more_text&amp;itm_term=bundle_subscription_text_link-flipkart-teams-up-with-aegon-for-life-insurance-offering-2020-3">Get Started</a></li><li>Explore related topics in more depth. &gt;&gt; <a href="https://store.businessinsider.com/collections/fintech?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=learn_more_text&amp;itm_term=enterprise_text_link-flipkart-teams-up-with-aegon-for-life-insurance-offering-2020-3">Visit Our Report Store</a></li><li>Current subscribers can log in to read the briefing <a href="https://intelligence.businessinsider.com/post/flipkart-teams-up-with-aegon-as-crypto-prices-dive-bakkt-raises-300m-amtd-digital-takes-controlling-stake-in-policypal-2020-3">here.</a></li></ol><a href="https://www.businessinsider.com/intelligence/10-up-and-coming-fintechs-2019?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_leadgen&amp;itm_content=finance&amp;itm_campaign=10-up-and-coming-fintechs-2019-2"></a>

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