Fincare Small Finance Bank partners with Dunzo for exciting offers and discounts to customers

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Fincare Small Finance Bank

October 20, 2022, India: Fincare Small Finance bank tied up with Dunzo to offer exciting offers and discounts to its customers. The offer includes a cool 25 % discount (max Rs 100/-) on orders above Rs 299/- (Minimum Cart/Order Value). The offer period will begin on 20th October and last till 31st October.

Talking about the partnership – Mr. Ashish Misra, Chief Operating Officer-Retail Banking, said “We are happy to partner with Dunzo to launch this offer along with a host of existing payment options for our discerning customers. With this tie-up, we aim to enhance the banking experience of our customers and take the delight quotient a few notches higher.’’

Fincare Small Finance Bank offers a wide range of products, including current and savings account, loan against gold, loan against property, in addition to competitive interest rates on fixed and recurring deposits. Transactions supported by the Unified Payment Interface (UPI) are another service provided by the bank. The bank caters to diverse financial needs of a wide range of client segments by offering a ‘smart’ banking experience.

As of 31st March 2022, the bank serves 32+ Lakh customers in 17 States/UT and has a workforce of [11,500+]

Dunzo is a hyperlocal quick commerce company that provides instant grocery delivery services to consumers and connects merchants, partners, and users to facilitate transactions across courier and local commerce. Dunzo is present in the top 8 cities in India and has over 10 million users.  Dunzo is India’s go-to app for essentials and groceries and has made a remarkable journey from a request-based WhatsApp service to a lifeline for Indian cities. While Dunzo continues to deliver on its promise of convenience, choice, and control to everyday living, it’s also building India’s largest online convenience store through Dunzo Daily that will cater to the top-selling products that consumers need on an everyday basis.

About Fincare Small Finance Bank:

Fincare Small Finance Bank is a small finance bank with a digital first approach. It offers its modern banking services through banking outlets, ATM, WhatsApp, Video Banking, Mobile Banking, Internet Banking and Chatbots. Powered by technology, Fincare SFB, on one hand, caters to the banking needs of micro-entrepreneurs and micro enterprises enabling their financial inclusion, and, on the other, provides innovative banking services to digitally savvy mass retail customers who prefer digital or branchless banking. The Bank commenced banking operations on 21st July 2017 under Section 22 of the Banking Regulation Act, 1949. The bank was included in the Second Schedule to the RBI Act, 1934 published in the Gazette of India dated April 13, 2019.

Fincare Small Finance Bank Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed a draft red herring prospectus dated August 6, 2022 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the BRLMs, i.e. ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, SBI Capital Markets Limited and Ambit Private Limited at www.icicisecurities.comwww.axiscapital.co.inwww.iiflcap.comwww.sbicaps.com and www.ambit.co, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” on page 21 of the DRHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any state securities law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act, “Rule 144A”) in transactions exempt from, or not subject to, registration requirements of the Securities Act, and (ii) outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.

For more information, please visit www.fincarebank.com

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