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Flipkart is set to enter the financial services space

Wednesday, July 4, 2018, 6:36 PM

Homegrown e-commerce startup Flipkart is set to enter financial services business and has applied for an NBFC (Non-Banking Financial Company) license to focus on consumer lending. The startup will start its services with microlending and micro-insurance for e-commerce purchases on its website. The first set of financial products from Flipkart are expected to be launched in the next three months.