SPICE MONEY LIMITED
Location
Delhi
Founded
2000-04-04
Website
Risk Signals
32 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials, Book Stores, Business Services, Not Elsewhere Classified), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about SPICE MONEY LIMITED
Live alerts from global media, monitored by Business Radar
(financialit.net)
In FY23 Spice Money aims to expand into other digital and financial services. The company will consolidate its ATM, banking and payments business, while scaling its enterprise Cash Management Services (CMS) business. The company, additionally, will be introducing a financial products & services marketplace which will offer solutions such as insurance, credit etc. Considering the crucial role agriculture plays in the rural economy, Spice Money will also venture into digital solutions for the industry.
Spice Money, India's leading rural fintech that is revolutionising the way Bharat banks, achieved the significant milestone of 1 million Adhikaris (nanopreneurs) in FY22, growing by nearly double over the last financial year. Spice Money's strategy, to provide the first-of-its-kind zero investment model, continues to yield results and growth in Adhikaris. This network is spread across rural India covering more than 95% rural pincodes, 700+ districts serving a base of over 100 million consumers, through the Spice Money app and web portal.
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