Save Solutions that offers financial products via kiosk banking across India has acquired New Habitat Housing Finance for Rs 74 crore.
The Bihar-head quartered company is working to offer its customers all-around financial products by also adding housing loans to the equation. Besides Bihar, the company will simultaneously extend its reach to other states including Delhi-NCR and UP.
“The acquisition brings our company to a full circle. Save Solutions excels in offering all banking and financial products under one roof to rural and semi-urban people. Through the acquisition of housing finance company New Habitat, we are on the fast track to becoming a full-spectrum financial inclusion group. It will go a long way in expanding our offering to underserved clients,” said Ajeet Kumar Singh, Founder Director, MD & CEO, Save Solutions.
Save Solutions was incepted in 2010 and is backed by renowned impact investors, Incofin and MAJ invest.
Save Solutions currently has products in MSME, LAP and Micro Finance. Moving forward, Save Solutions has its targets set on associating with new banks and introducing innovative Financial Products across pan India.