Centrum
“Can Centrum evolve from an NBFC and microfinance group into a full-service Small Finance Bank serving underserved SME and retail segments across India?”
HQIndia
IndustryFintech / SMB banking
The story
Centrum is an Indian financial services group that has expanded from investment banking and wealth management into lending (NBFC via Centrum Financial Services Ltd.) and microfinance (Centrum Microcredit Limited). A landmark development was the joint venture with BharatPe to jointly build a Small Finance Bank, marking Centrum's pivot from non-bank credit origination toward a regulated banking entity. The group's embedded finance angle involves credit distribution through digital partnerships such as PayNearby.
Last 12 months
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Regulated entities
2
regulatory licences held by Centrum
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Centrum’s embedded-finance stack
Lending
SME/MSME term loansCommercial financeMicrofinance loans (women entrepreneurs)Unsecured business loans (via PayNearby partnership)
Accounting gap: none