New Delhi: AvenuesAI is planning a minority investment of up to 2.5% in Ratnaafin Capital, a new-age NBFC with a lending book exceeding Rs 2000 crores, as part of its strategy to build an AI-led embedded finance and digital lending ecosystem through partnerships with specialised NBFCs. On Friday, AvenuesAI through stock exchange filings, informed that the company board has approved the strategic investment proposal in Ratnaafin Capital.
Speaking to ANI, Vishal Mehta, Chairman and Managing Director of AvenuesAI Limited, said the proposed investment aligns with the company's "liability-light" lending strategy, under which AvenuesAI intends to operate as an AI-driven distribution and orchestration platform while partner NBFCs manage underwriting, capital deployment and lending operations.
