Sahamati secures Rs 50 crore in funding from large banks, AMCs, stockbrokers and fintechs

Sahamati, an industry body for the NBFC-Account Aggregator (NBFC-AA) ecosystem, said it has secured Rs 50 crore in funding from a clutch of banks, asset management companies, stockbrokers and fintechs.

The funding saw participation from large banks including State Bank of India, ICICI Bank, HDFC Bank and Axis Bank; large non-banking lenders including Aditya Birla, Bajaj Finserv and DMI Finance; and stockbrokers and fintechs including Zerodha, Dhan, Angel One and IndMoney, the Bengaluru-based not-for-profit body said in a statement.