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
1
regulatory licence held by Kissht
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Kissht’s embedded-finance 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
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.