Kissht
“Can a digital NBFC become India's go-to instant credit platform for the underpenetrated mass-market consumer and SMB?”
Founded2015
HQMumbai, Maharashtra, India
FoundersRanvir Singh, Krishnan Vishwanathan
Total raised~$114.75M (as of 2022)
Latest roundGrowth round, 2022
Valuation~$500M (2022)
IndustryFintech / Lending
The story
Kissht (OnEMI Technology Solutions) started in 2015 as a consumer point-of-sale EMI lender for offline and online merchants. It evolved into a full digital-lending platform with its own RBI-registered NBFC subsidiary, Si Creva Capital Services, offering unsecured personal loans, business loans, and loan-against-property. In 2022 it launched Ring, a BNPL/credit-line card in partnership with RBL Bank and SBM Bank, broadening from product financing to general-purpose digital credit. The company is now pre-IPO in India, having filed its DRHP.
Product timeline
2015
Founded as OnEMI Technology Solutions by Ranvir Singh and Krishnan Vishwanathan offering collateral-free consumer loans· pivot
2018
Raised $30M Series C; expanded merchant network and category coverage· lending
2022
Raised $80M and launched Ring BNPL card in partnership with RBL Bank and SBM Bank· card
2025
Filed Draft Red Herring Prospectus (DRHP) for IPO· ipo
Regulated entities
NBFC
India (RBI)
Si Creva Capital Services Private Limited
The stack
Lending
Si Creva Capital Services Private Limited (in-house)Kissht Personal LoanKissht Business LoanKissht Loan Against PropertyRing BNPL card (with RBL Bank and SBM Bank)Digital Gold
Sponsor bank
Accounting gap: none