AU Small finance Bank

The Indian startups listed below have disclosed investment rounds.

The Bengaluru-based platform aims to deploy the raised money to expand its offerings and market reach.

With an emphasis on excellent post-merger customer service and smooth integration, the consolidation expands the client base and improves the distribution network.

The merger will go into effect on April 1, 2024. AU would gain a presence in southern India and an entry into microfinance with the deal. The merged bank will have 2334 branches and AU's gross advances are Rs 67,624 crore.