• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Advertisement
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    How to market a mobile app

    6 ways to market a mobile app

    Latest mobile app trends

    6 Latest mobile app trends

    5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

    5 Ways To Promote Your Mobile App In A Smarter Way

    Get-Your-App-The-Most-Downloads-On-The-Apple-App-Store-Appedus

    How To Get Your App The Most Downloads On The Apple App Store

    Trending Tags

      • App Store Optimisation
      • App User Engagement
      • App Push Notifications
      • App Onboarding
      • App Analytics
    • App Design
    • App Reviews
      • All
      • Books & Reference
      • Business
      • Dating
      • Education
      • Finance
      • Fitness
      • Food & Drink
      • Health
      • iOS apps
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
      • Utilities
      • Video Editing
      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      The-top-ten-mobile-apps-all-travellers-should-use-appedus

      The top ten mobile apps all travelers should use

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

      What To Do If Your Cell Phone Is Lost or Stolen

      Free-Android-Meme-Maker-Appedus

      5 Best Free Android Meme Maker

      Zerodha Kite App Review

      Zerodha Kite App Review: A great way to start investing

      Crello App Review

      Crello App Review 2022 | An Attractive Editing Tool

      8fit App Review

      8fit App Review 2022 | Workouts and Meal Planner

      Trending Tags

      • Travel
      • fitness
      • Video Editing app
      • Utilities
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
    • App Events
    • Exclusive
    • Home
    • App Development
    • App Marketing
      • All
      • App Onboarding
      • App Store Optimisation
      • App User Engagement
      • Push Notifications
      How to market a mobile app

      6 ways to market a mobile app

      Latest mobile app trends

      6 Latest mobile app trends

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      Get-Your-App-The-Most-Downloads-On-The-Apple-App-Store-Appedus

      How To Get Your App The Most Downloads On The Apple App Store

      Trending Tags

        • App Store Optimisation
        • App User Engagement
        • App Push Notifications
        • App Onboarding
        • App Analytics
      • App Design
      • App Reviews
        • All
        • Books & Reference
        • Business
        • Dating
        • Education
        • Finance
        • Fitness
        • Food & Drink
        • Health
        • iOS apps
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
        • Utilities
        • Video Editing
        6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

        6 Best iOS Productivity Apps You Can’t Live Without

        7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

        7 Reasons Why Every Business Should Be Mobile-Friendly

        The-top-ten-mobile-apps-all-travellers-should-use-appedus

        The top ten mobile apps all travelers should use

        5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

        5 Ways To Promote Your Mobile App In A Smarter Way

        What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

        What To Do If Your Cell Phone Is Lost or Stolen

        Free-Android-Meme-Maker-Appedus

        5 Best Free Android Meme Maker

        Zerodha Kite App Review

        Zerodha Kite App Review: A great way to start investing

        Crello App Review

        Crello App Review 2022 | An Attractive Editing Tool

        8fit App Review

        8fit App Review 2022 | Workouts and Meal Planner

        Trending Tags

        • Travel
        • fitness
        • Video Editing app
        • Utilities
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
      • App Events
      • Exclusive
      No Result
      View All Result
      Mobile App Development | Design | Marketing Magazine: Appedus
      No Result
      View All Result
      Home Featured

      RevFin aims to raise $40M this year to accelerate lending for EVs

      RevFin's financial technology platform has defined the goal of funding three lakh cars In the next three years.

      by Editorial Team
      September 6, 2021
      in Featured, Funding, News-Curated
      Reading Time: 3 mins read
      0
      RevFin
      Share on FacebookShare on Twitter

      Main Highlights

      • RevFin announced the planned raising of approx. $40 million through its debt and stock at the conclusion of this fiscal year.
      • It is focused on credit for electric vehicles.
      • RevFin is an enterprise of financial technology (FinTech), their innovative digital loan platform makes a loan easy and accessible to your clients.
      • The team intends to do a large fundraising round (equity) of about $10 million at the end of the current financial year.

      According to a leading executive of the firm, RevFin announced the planned raising of approx. $40 million through its debt and stock at the conclusion of this fiscal year. The NBFC’s financial technology platform for electric cars has set a target of funding three lakh vehicles over the next three years. It is focused on credit for electric vehicles.

      “In the next three years, we have set ourselves a funding objective for 3,00,000 cars. In the next three years, this is over Rs 3,000 crore loans, starting at approximately Rs 200 crore this year and the remainder in the following two years” Sameer Aggarwal, CEO, and founder of Revfin Services. The business began financing around 2,300-2,400 EVs in 2018, adding that in the previous year and a half, they had done nothing, and had a few hundred (vehicles) since the market has been mainly closed (due to COVID-19).

      RevFin is an enterprise of financial technology (FinTech). Their innovative digital loan platform makes a loan easy and accessible to your clients. Their own loans (NBFC) are provided to consumers. They provide loans.

      Benefits of using RevFin

      Their Salient features include Revloan – A single, rotating loan limit that you can use and repay at any moment. You never have to apply again for a modest loan with this restriction. Rev-a-Thon – It’s a bonus system in which you may earn points (Revs), pay your pals, or even log on to your app at the moment of payment. 

      Now, by referring to a loan, you may aid your relatives and friends. During that process you can also win prizes. They are lending for various situations, such as moving houses, emergencies, electrical scooters, electric scooters, e-loaders, home refurbishments, holidays, and festivities. Their partners: PNBMetlife and Fino Payments Bank Their financial services partners.

      Large Fundraising

      According to Aggarwal, both equity and debt would be considered for injection. “We’ll lend on our balance sheet through our NBFC, which has been our work so far.” In order for them to raise the capital and debt sometime near the next six months, they intend to do a large fundraising round (equity) of about 10 million dollars somewhere in the end of current financial year.

      He also added, “We leverage it every time we raise stock by increasing the debt by around two to three times that equity.” By the conclusion of the current fiscal year, RevFin intends to raise a total loan and equity of about $40 million. Previously, they had increased their ownership by about $1.5 million in the foreseeable future in pre-Series A.

      Aggarwal stated that the distribution of electric cars is now shared with the company’s development goals in most of the north portion of the nation, although in Western states, such as Gujarat and Maharashtra, it is beginning to grow, apart from Karnataka and Andhra Pradesh in the south. They’ve covered the north and east. The market has not yet completely grown to the west and south. As the market evolves and the demand to fund these markets rises, they will be there.

      RevFin focused on the finance of electric three-wheelers, especially for disadvantaged persons regardless of credit history, geography, education or language, in cities in Tier III and Tier IV. A combination of computerized psychometric and biometric assessments forecast the intention of the client to repay a loan and hence punish or reject the loan.

      mm

      Editorial Team

      We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

      Next Post
      Comenity Direct App Review

      Comenity Direct App Review 2021 | Online banking app

      Weekly Newsletter

      Top Apps This Week

      Google Now Just Made It Even Easier To Track Your Favorite TV Shows And Movies
      Featured

      Google Now Just Made It Even Easier To Track Your Favorite TV Shows And Movies

      by Editorial
      January 7, 2023

      Today’s announcement by Google of a new feature for their...

      Read more
      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      December 31, 2022
      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      December 26, 2022
      Load More

      About Us

      Mobile App Development | Design | Marketing Magazine: Appedus

      Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

      Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

      Latest Articles & News

      How to market a mobile app

      6 ways to market a mobile app

      January 18, 2023
      Best practices for mobile app design

      Best practices for mobile app design

      January 17, 2023

      Important Links

      • Guest Post
      • Submit App Review
      • Submit PR
      • Mobile App Marketing
      • Mobile App Reviews | Top Android & iOS app reviews
      • Top Apps
      • Curated News
      • Advertise
      • Contact Us

      Subscribe

      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      No Result
      View All Result
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      Welcome Back!

      OR

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version