Mizuho invests $145m into Credit Saison India

CS India has 1.2 million active loans and assets under management of $1.2b.

Mizuho Bank has invested $145m into Credit Saison India (CS India), registered as Kisetsu Saison Finance (India) Private Limited.

CS India is the Indian arm of Credit Saison, one of Japan’s largest lending conglomerates, with a $27b balance sheet.

This marks the first investment by a non-group company into CS India, a press release stated. The company first received its license to operate in India in 2019.

Whilst initial operations were focused on wholesale lending and tech-integrated partnerships with non-bank financial corporations (NBFCs) and fintechs, CS India has rapidly expanded into lending to consumers through partnerships with platforms through embedded finance. 

CS India also now lends directly to SMEs via over 40 physical branches across India. It now has a portfolio to 1.2 million active loans, an AUM of over $1.2b, and over 800 employees.