India: Muthoot Group plans strategic investments in fintech startups

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Muthoot Pappachan Group, a Kerala-based lending and financial services conglomerate, plans to make strategic investments in fintech start-ups as part of a larger digital transformation exercise to drive synergies and profitability among its business units, as it chalks out a plan to list its flagship lending arm Muthoot Fincorp Ltd, a top company executive said.

“We are talking to a number of proven start-ups in credit appraisal for our segment of customers, disbursements and collections. Any platform and solutions which will enable our go-to market strategy is our look-out,” chairman and managing director Thomas John Muthoot said in an interview.

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