“Can a digital NBFC become India's go-to instant credit platform for the underpenetrated mass-market consumer and SMB?”
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.
Kissht discloses RBL Bank and SBM Bank India as its sponsor banks, according to the Embedded Finance Index 2026.
Kissht does not disclose a bank charter of its own; its banking services are provided through RBL Bank and SBM Bank India.
Kissht's lending and capital products are provided by Si Creva Capital Services Private Limited (in-house).
The Embedded Finance Index 2026 maps 2 layers in Kissht's stack: Lending (Si Creva Capital Services Private Limited (in-house), Kissht Personal Loan, Kissht Business Loan, Kissht Loan Against Property and 2 others); Sponsor bank (RBL Bank and SBM Bank India).
Kissht was founded by Ranvir Singh and Krishnan Vishwanathan and is founded in 2015, headquartered in Mumbai, Maharashtra, India.
Kissht has raised ~$114.75M (as of 2022) in total (latest round: Growth round, 2022; valuation: ~$500M (2022)).
Get a read on where your own stack stands against Kissht and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.