Clix in News
Cybersecurity 2.0: Prioritizing data security to tackle frauds in digital lending industry
24 Jan ’24
The digital landscape has significantly altered the way we live, impacting
every facet of our lives. Technological advancements, such as UPI,
online payment apps, RTGS, NEFT, and paperless digital loans, have
revolutionized transactions. Consequently, the digital lending sector in
India has witnessed remarkable growth.
Karnataka Bank and NBFC Clix Capital enter co-lending partnership
16 Jan ’24
Karnataka Bank (KBL), a leading private sector bank, and Clix Capital, one of India’s fastest-growing new-age NBFCs, have entered into a digital co-lending partnership through the Yubi Co.lend Platform.
Green financing: Aligning with the new reality
26 Dec ’23
This article is authored by Rakesh Kaul, CEO, Clix Capital.
The climate crisis is no longer a distant issue and the imperative for innovative financial mechanisms to fund sustainable green initiatives has become increasingly apparent. India’s commitment to address climate-related challenges has been reinforced by a series of policy measures aimed at promoting green finance endeavours.
Budget 2024: Here is what the banking sector expects from vote on account
09 Dec ’23
The landslide victory of the BJP in three states in the recent state assembly elections is considered an indication of the voter mood for the upcoming Lok Sabha Elections. The increased confidence of the central government is likely to be reflected in the upcoming Union budget in February 2024, where there can be announcements to perk up the performance and profitability of PSU banks, industry experts say.
Tackling stubble burning: It is a recent problem that arose from combine harvesters replacing human ones
02 Dec ’23
As the world convenes for the COP28 at UAE and takes stock of its progress since the Paris Agreement, will also make its presence felt in these discussions. This is significant as air pollution around Delhi and parts of North India continues to affect its people, vegetation and fauna. This demands a systematic, sustained and long-term approach, requiring robust solutions that can be scaled up and endure over time with multi stakeholder collaboration. A good starting point for such a solution is the government’s National Clean Air Programme that provides a crucial framework or overarching structure that facilitates unified and continuous endeavours to combat air pollution.
Clix Capital’s CFO aims to close FY24 with 3X profitability, 40% AUM growth
30 Nov ’23
Gagan Aggarwal, Chief Financial Officer at Gurugram-based non-bank finance company Clix Capital aims to finish the financial year 2023-24 with a 3X growth in profit to about Rs 80 crore and 40% growth in Assets Under Management (AUM) to over Rs 6,000 crore.
Recruiting in-house, outsourcing or a hybrid of both: Which hiring practice works best for startups?
28 Nov ’23
Through exclusive interactions with ETHRWorld, HR leaders of some major startups across different sectors talk about their hiring strategies- whether they are recruiting talent through an in-house team or outsourcing talent acquisition, why they choose to operate in that paradigm, and how it has worked for them or catered to their needs.
RBI raising risk weights on NBFCs not to have major impact on Clix Capital’s borrowing: CFO
22 Nov ’23
The Reserve Bank of India’s decision last week to increase risk weights on non-bank lenders by 25 percentage points is unlikely to have a significant impact on Clix Capital ’s borrowing costs, said its CFO Gagan Aggarwal.
With over 800 climate-resilient varieties available, can agr ..
26 Oct ’23
As rising temperatures make farming more resource hungry, countries in the Global South have been compelled to come up with measures to ensure the agriculture sector is able to stave off this seemingly insurmountable challenge.
CFOs see borrowing costs going up slightly, wary of a hawkish stanc
11 Aug ’23
Leaders contended that stability is a desirable move for their planning but were cautious that the hike in incremental Cash Reserve Ratio would push up borrowing rates. They also wished that the RBI gave more impetus to growth rather than impose a hawkish monetary policy.
RBI move focused on taming inflation, supporting growth: Industry groups
10 Aug ’23
Industry groups FICCI and ASSOCHAM have said that the Reserve Bank of India’s (RBI) decision on Thursday to maintain pause in its third consecutive bi-monthly Monetary Policy Committee (MPC) meeting is focused on taming inflation while boosting growth.
Central Bank of India Partners with Clix Capital Services; Stock Surges
08 Aug ’23
At 2 pm, the shares of Central Bank Of India were trading at Rs 30.65, up by 2.51% from its previous closing of Rs 29.90 on the BSE.
Central Bank of India has entered into a strategic Co-Lending Partnership with Clix Capital Services (Formerly known as GE Money Financial Services) to offer MSME Loans at competitive rates, subject to compliance with the applicable laws including the applicable guidelines issued by Reserve Bank of India (RBI).
Clix Capital secures $20 million loan, puts green energy sectors in the spotlight with new fund investment
01 Aug ’23
Clix Capital, a tech-led NBFC, has signed a $20 million loan from Global Climate Partnership Fund (GCPF). GCFP is a Luxembourg-based public-private partnership fund that finances renewable energy
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NBFC CLIX CAPITAL SECURES AROUND RS1,200CR IN DEBT FUNDING
01 Aug ’23
Gurugram-based non-banking lending company Clix Capital has secured approximately Rs 1,200 crore in debt funding this quarter, with around Rs 164 crore (USD 20 million) coming from the Global Climate Partnership Fund (GCPF)
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NBFC CLIX CAPITAL SIGNS $20 MILLION LOAN FROM IMPACT FUND GCPF TO BACK SUSTAINABLE PROJECTS
01 Aug ’23
Climate change: Non-banking financial company Clix Capital has signed a $20 million loan from Global Climate Partnership Fund (GCPF), a Luxembourg-based innovative
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C.M. Vasudev Becomes Chairman Of Clix Capital; Bajpai, Candade Named Independent Directors
18 Jul ’23
Clix Capital, co-founded by Pramod Bhasin and Anil Chawla and supported by AION Capital, said that it has appointed C.M. Vasudev as a new chairman.
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Vishal Jain features as panelist in Nav Bharat
09 Jul ’23
The Nav Bharat newspaper features our Chief Collection Officer, Vishal Jain in a special story on the laws and responsibilities around loan collections & recoveries.
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How Fintech is driving change in India’s lending landscape in sub-urban regions
17 Jun ’23
India’s journey toward becoming a $5-trillion economy by 2025 calls for quick, seamless, and steady access to capital for its ever-growing number of MSMEs.
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Securing The Future Of SMEs With Unsecured Business Loans
14 Apr’23
Small and medium enterprises are key drivers of the Indian economy and will play a seminal role in the country’s drive towards growing into a USD 5 trillion economy.
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Debunking 8 Personal Loan Myths And Misconceptions
24 Feb’23
Personal Loans are collateral-free loan options that make funds available instantly. Some people avoid taking them due to several myths surrounding them. Here, we will bust eight popular myths and misconceptions about Personal Loans to help you make better financial decisions.
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Clix Capital Services Pvt reports standalone net profit of Rs 6.94 crore in the December 2022 quarter
22 Feb’23
Net profit of Clix Capital Services Pvt reported to Rs 6.94 crore in the quarter ended December 2022 as against net loss of Rs 64.21 crore during the previous quarter ended December 2021.
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Clix Capital eyes big turnaround, Aims for Rs 100 cr. profit in FY24
10 Feb’23
Clix Capital Services Pvt. Ltd. (‘Clix Capital’) – one of India’s leading non-banking financial services companies, under new leadership has made huge strides in turning around its business this year.
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Budget 2023: What Fintech companies expect from Modi govt
28 Jan’23
The Fintech sector has been a frontrunner for the growth of the India’s financial industry. Presently, India, which is among the world’s fastest growing fintech markets, has roughly 6,600 Fintech start-ups with consumers increasingly becoming financially literate with adoption of technology and are frequently buying financial products through apps and online portals.
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Loan against property: Scout for reasonable interest rates, easy repayment terms
1 Nov’22
Your property can be used to get a loan. But make sure you are not being charged a high interest rate. Loans availed by mortgaging your property can be used for any purpose, just like a personal loan.
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Clix Capital appoints Gagan Aggarwal as its CFO
18 Oct’22
Clix Capital, a non-banking financial services group which claims to have a pan-India presence, has announced its appointment of Gagan Aggarwal as its CFO from November 8, 2022.
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Aligned with its core value of “deep care”, Clix Capital collaborates with HelpAge India, Muskaan, & I am Gurgaon
04 Oct’22
Clix Capital, a leading non-banking financial services group with a significant pan-India presence, today announced its collaboration with ‘HelpAge India’, ‘Muskaan’, and ‘I am Gurgaon’ for its Corporate Social Responsibility (CSR) initiatives.
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A Complete Guide To Collateral-Free Business Loans
23 Sep’22
Unsecured loans can give a business the boost it needs to grow, even if it’s small, or has no assets to pledge. The processing is seamless, and documentation is also minimal.
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Clix Capital partners with Bank of Baroda to disburse healthcare loans
02 Aug’22
Clix Capital (Clix), a non-banking financial services entity with a pan-India presence, has entered into an exclusive co-lending partnership, dedicated to healthcare financing, with Bank of Baroda (Bank), one of India’s leading public sector banks.
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Clix Group and Tezzract to jointly create MSME liability marketplace in 15 months
02 June’22
New Delhi, June 2 (KNN) Clix Group, a non-banking financial services group and fintech company Tezzract have partnered and set an aim to create a MSME liability marketplace
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Clix Capital Aims To Disburse INR1000 Crore In Unsecured MSME Loans By The End Of FY2023
12 May’22
Mumbai : Clix Capital Services Pvt Ltd (‘Clix Capital’) – one of India’s leading digital-lending NBFCs – today announced that it aims to disburse INR 1000 crore in unsecured MSME loans to the underserved micro
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Loan provider Clix Capital digitizes collections business with Vymo for improved customer engagement
14 Mar’22
Vymo will serve as the system for visibility of collection activities and automate manual efforts such as feedback capture, collection management, and payments.
Clix Capital plans to disburse over Rs4,000 crore loans in FY23
07 Mar’22
MUMBAI : Clix Capital Services Pvt Ltd on Monday said it will disburse over ₹4,000 crore in FY23 and said the company has crossed the ₹15,000-crore disbursement milestone since its rechristening from GE Capital five years ago.
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Fintech solutions Clix Capital appoints Santwana Periwal as Chief Human Resource Officer
01 Mar’22
Clix Capital, a fintech company that provides lending solutions, has announced the appointment of Santwana Periwal as the new Chief Human Resource Officer. She will be reporting to Rakesh Kaul, CEO – Clix Capital.
Clix Capital appoints Rakesh Kaul as CEO
22 Jul’21
MUMBAI : Non-bank lender Clix Capital on Thursday announced the appointment of Rakesh Kaul as its new chief executive officer with effect from 16 August.
Clix Capital aims to double disbursal in FY22
11 Jun’21
Clix Capital, a digital lending platform, is aiming to disburse around Rs 5,000 crore this financial year, more than double of that in the pandemic-hit 2020-21 with increased focus on retail-lending.
For old fashioned MSMEs, Covid is a chance to change dramatically, transform business models
28 Jul’20
There aren’t many silver linings in this pandemic. History will place it in its proper perspective, but in our lives, there has been nothing as devastating-nor is there likely to be. The one silver lining has clearly been that we have leapfrogged
Pandemic has Given Golden Opportunity for Fintech Industry to Re-invent Itself: Clix Capital
10 Jul’20
Clix Capital Services Pvt Ltd has a rich pedigree. Formerly known as GE Money Financial Services Pvt Ltd, its parent, the GE group, sold the business to former top executives Pramod Bhasin and Anil Chawla in 2016.
Clix Capital Partners With Wadhwani Foundation to Support MSMEs
7 Jul’20
Pramod Bhasin-founded Clix Capital has partnered with Wadhwani Foundation to provide assistance to medium, small and micro enterprises (MSMEs) to help them grow in the current crisis caused by the coronavirus pandemic.
Enabling NBFCs Sail Through a Post-Covid World: Bhavesh Gupta
17 Jun’20
Overtime, NBFCshave built unique distribution, underwriting, and technological capabilities to assess and disburse loans to thoseparts of the economy wherebanks may not be able to reach.
Leveraging the Power of AI in the Lending Sector
15 Jun’20
You have NBFCs (Non-Banking Financial Companies) who have large balance sheets and are not necessarily FinTechs. They always follow traditional underwriting and they might compete with big banks and for the same type of customers.
Coping & Thriving in a Crisis: Pramod Bhasin not Perturbed by Chores, Recommends you Immerse Yourself in Projects
2 Jun’20
We are living in very interesting times,” says Pramod Bhasin, Chairman, Clix Capital. While the environment can be stressful, especially with no end seemingly in sight, immersing yourself in projects and efforts to help in any way he thinks.
Unless India Substantively Change Way Business is Done, MSMEs Can’t Capitalize on China Opportunity: Pramod Bhasin
1 Jun’20
Is the concept of resurgent India too far to imagine in these times? Especially in the midst of this mayhem across the world where global trade may have fallen by as much as 30 per cent, GDP growth rates have declined
Covid-19 has made prioritizing a challenge for some of us
31 May’20
Ten years ago, I laced up my shoes, took to the road and started a journey which redefined me. At the time, I was mourning the loss of my father, managing two toddlers, doing a job which I wasn’t enjoying,
New lending opportunities, faster credit delivery may emerge post Covid-19
26 May’20
Dealing with the covid-19 crisis and its aftermath will remain at centre stage for the next several months or years. Almost all high-employment sectors have been severely impacted.
Mother’s Day Special: Women Come Back Stronger from their Maternity Leave, says Rashmi Mohanty, CFO, Clix Capital
10 May’20
“As you get to middle management, women rise to those positions, and then that’s the childbearing years. And when they have children, it’s difficult to balance having children, your career, your marriage, and be a high-potential
Covid-19: The Art of Survival: Pramod Bhasin
7 May’20
This current crisis is so completely unprecedented; the world has never gone through so much pain across virtually every country at the same time. Even at the time of the Great Depression, the damage was primarily felt by the developed countries of that time.
Need more decisive and faster steps on NBFC Moratorium issue: Pramod Bhasin, Clix Capital
5 May’20
The Reserve Bank of India (RBI) on March 27 allowed banks & non-bank lenders to defer the instalments or in other words put in place a moratorium on instalments for the outstanding dues in March, April & May.
Clix Capital Builds Seamless Customer Experience Amid Lockdown
29 Apr’20
Founded by Pramod Bhasin and Anil Chawla, Clix Capital, India’s leading digital NBFC has managed to build a loan book size of Rs. 5,000 crores across >3M customers in a short span of four years.
Clix Capital Builds Seamless Customer Experience Amid Lockdown
29 Apr’20
Founded by Pramod Bhasin and Anil Chawla, Clix Capital, India’s leading digital NBFC has managed to build a loan book size of Rs. 5,000 crores across >3M customers in a short span of four years.
COVID-19: How Indians Facing a Cash Crunch can Manage their Personal Finances: Adheer Dhar
29 Apr’20
With the ongoing coronavirus pandemic distress, we seem to be inhabiting a world that was completely unknown to us just a month ago. All of us have been impacted in some way or the other but reality
How to manage your Personal Finances during India’s Coronavirus Crisis: Adheer Dhar
24 Apr’20
With the ongoing coronavirus pandemic distress, we seem to be inhabiting a world that was completely unknown to us just a month ago. All of us have been impacted in some way or the other but reality
Covid-19: How MSMEs can manage their cashflow challenges: Kaushik Khanna
23 Apr’20
The clampdown on economic activities imposed due to the Covid-19 crisis has choked a vast number of businesses especially the micro, small and medium enterprises (MSMEs), possibly to the point of perpetual closure.
Coronavirus: Clix Capital Founder Says These Steps can Help in a Tough Business Environment
15 Apr’20
The rapid spread of coronavirus and the resulting fatalities has sent several nations scurrying for cover, forcing them to impose lockdowns and close borders. While such measures, including the following of social distancing norms,
Pandemic Distress-Editorial Article
8 Apr’20
India has moved decisively to combat this most fearsome of all threats that we are likely to see in our lifetimes. We really have no choice. We don’t have the capacity in our health care system or the testing equipment at any scale,
Clix Capital Debuts AI Enabled Bot ‘Maya’
2 Apr’20
Digital lending NBFC Clix Capital Services has launched an AI-enabled Bot ‘Maya’ to enhance customer experience. Maya will help customers to avail instant loans thereby also checking their eligibility and credit score.
Clix Capital Bets Big on Artificial Intelligence, Data Analytics
26 Mar’20
Clix Capital aims to become one of India’s most efficient players in the digital lending space by focussing more on artificial intelligence (AI) and data analytics.
Lending Made Simpler: How Alternate Data and Analytics is Shaping Lending Norms in India
26 Mar’20
With the use of alternative data and advanced analytics, they get their first engagement with the formal financial ecosystem, and will be able to leverage credit for personal and professional growth in the future.
AI Chatbot ‘Maya’ a Handy Tool for Clix Customers
18 Mar’20
At a time of social distancing due to the outbreak of coronavirus, Clix Capital Services, a digital lender, has come up with ‘Maya’, an AI-enabled chat bot to enhance customer experience.
Instant Loans: How consumers can finance personal needs from new age finance companies: Pratyush Chandramadhur
17 Mar’20
There are significant advantages of availing a loan from the new age Fintech platforms which operate on the premise of data, analytics, robust technology and customer experience.
Being a Woman-through the CFO’s Lens: An ETCFO Special
8 Mar’20
On the occasion of International Women’s Day, 2020, here is a snapshot of how top Women CFOs celebrate the special occasion and how far they believe women have come in society, politics and economics, while raising awareness about the still skewed inequality.
Ensure Fairness, a rating is not the issue
10 Feb’20
Over the last few years, we have seen many polarizing arguments where people have vociferously debated the relevance of Performance Appraisals, more so around the performance ratings that follow this exercise.
The Eight Hour Work Day is Dead: Pramod Bhasin
9 Feb’20
There is no debate that technology has profoundly changed what we do, what we need to do to survive, and the very nature of the work we will do. Surprisingly, the nature of the way we work has not changed as much as it could and as much as it should.
What Will Change in the Workplace in 2020?: Aditya Kohli
3 Feb’20
It has been an unusually quiet start to the new year, with most organisations showing caution against the backdrop of a weak economy and liquidity pressures. While that may be the case, emphasis on creating radical productivity
How retail customers can boost credit scores for better deals: Pratyush Chandramadhur
30 Jan’20
In India, as financial awareness is rising, people are becoming more conscious about their financial fitness. In recent years, the surge in people seeking their Credit Information Report (CIR) has soared across many geographies and customer segments.
Interview with Katerina Folkman on AI @ Clix
22 Jan’20
Data analytics is an integral part of everything Clix Capital does, says Katerina Folkman, head of AI and Analytics at the digital lending startup founded by Pramod Bhasin in 2016. The firm offers financing solutions across corporate finance, equipment finance and leasing
Interview with Anil Chawla on how Clix is an environment conscious organization
21 Jan’20
Last December, we brought our community of Thought Leaders together to tackle good food, fine wine and pressing questions about sustainable luxury. Yup, everyone’s talking about sustainability, and that’s a good and bad thing, depending on how you see it.
HBL Deputy editor K R Srivats interview with Clix Chairman Pramod Bhasin
17 Jan’20
Clix Capital Services, a digital lender, is eyeing 30-40 per cent growth in loan book in 2020-21, a top official said.This optimism for growth comes from the huge demand for financial services in the market, Pramod Bhasin, Founder & Chairman, Clix Capital told BusinessLine here.
Story on Mr. Pramod Bhasin’s participation in a panel discussion on building entrepreneurial resilience
13 Dec’19
Being an entrepreneur takes guts. Facing endless red tape, an ocean of uncertainty and unfathomable devotion are just a few prerequisites. In this panel, Ajit Isaac shares his story of going out on a limb with Quess;
