Gold-Focused Digital Locker, Credit Platform Indiagold Raises $12 Million Funds
3 years, 3 months ago

Gold-Focused Digital Locker, Credit Platform Indiagold Raises $12 Million Funds

News 18  

India is a country obsessed with gold. One such company is Indiagold –which provides a safe locker facility along with an option to secure the loan against your gold stashed in the house. The round of funding was led by Prosus’ PayU and Falcon’s Alpha Wave Incubation along with participation from 3one4 Capital, Rainmatter Capital, Better Tomorrow Ventures, and existing investor Leo Capital. Indiagold, founded by two former Paytm executives Nitin Misra and Deepak Abbot, is a gold-focused digital alternative credit platform that’s using gold to determine customer creditworthiness and provide APIs to banks and other lenders if they want to enter this space. The start-up, which currently is operational in the National Capital Region and Indore, has two major offerings –providing low-cost safe locker facilities and enabling the option of gold loan to the customer.

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Muthoottu Mini Financiers launches Safe Lock Gold Loan
2 years, 1 month ago

Muthoottu Mini Financiers launches Safe Lock Gold Loan

Live Mint  

NEW DELHI: Gold is among the most prized assets Indian households typically possess. In order to enable customers to safeguard their physical gold at an affordable price, Muthoottu Mini Financiers, one of the leading non-banking finance companies in India,has launched Safe Lock Gold Loan, a first-of-its-kind facility that enables customers to avail the benefits of a locker by pledging any …

Digital gold platforms enable millennials to invest in precious metals
2 years, 3 months ago

Digital gold platforms enable millennials to invest in precious metals

Live Mint  

Sanjay Malik, a 28-year-old analytics professional based in Noida, wanted to invest Rs 40,000 in gold in November 2021. You can buy digital gold on MMTC-PAMP, Augmont Goldtech, Oropocket and Digital Gold India, among other platforms. Buying digital gold is as easy as shopping online with no requirement of a Demat account, whereas investing in the other form of Gold …

Play it safe while investing in digital gold
2 years, 6 months ago

Play it safe while investing in digital gold

Live Mint  

Buying gold has never been easier. Digital gold is a convenient way of buying 24 carat gold backed by physical gold that is insured and stored in vaults that are monitored by a trusteeship company to safeguard customer interest. The physical gold stored in custodian vaults is watched over by a trustee, whose role is defined by the terms and …

Investors go for digital gold due to ease of access, safety
4 years, 4 months ago

Investors go for digital gold due to ease of access, safety

Live Mint  

At a time of movement curbs and shuttered jewellery shops, digital gold sellers have reported a surge in demand. Demand for digital gold rose 40-50% amid the viral outbreak, said Sachin Kothari, director of Augmont Gold Pvt. India has three major digital gold sellers—Augmont Gold; MMTC-PAMP India Pvt. Ltd, a joint venture between state-run MMTC Ltd and Swiss firm MKS …

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