InCred CFO Vivek Bansal Quits to Launch Fintech Startup with Kotak's Sunil Daga

• Vivek Bansal, InCred CFO, and Sunil Daga, Kotak President, are launching Saarathi Finance, an MSME-focused NBFC.
• Both are serving notice periods and seeking Rs 600 crore in equity funding for the venture.
• Saarathi Finance, registered in August, has applied for an NBFC license with the RBI.
• The company aims to provide secured loans to MSMEs and unsecured personal loans via a digital-first super app.
• Bansal and Daga bring extensive experience in banking and SME lending to the new venture.

Source: Moneycontrol