Mizuho Bank will acquire a minority stake in the company which will continue to be owned by the Credit Saison Group.
Saison International, the global headquarters of Credit Saison, one of Japan’s largest lending conglomerates with a $27 billion balance sheet, announced an investment of $145 million by Mizuho Bank into Credit Saison India.
Mizuho Bank is the retail and corporate banking unit of Mizuho Financial Group, one of Japan’s leading financial services groups. This will mark the first investment by a non-group company into Credit Saison India (CS India).
Enlarged International Presence
Saison International has enlarged its international presence over the last seven years with offices across Singapore, Indonesia, Vietnam, Thailand and India. In 2023, two more markets – Brazil and Mexico, were established.
While initial operations were focused on wholesale lending and tech-integrated partnerships with leading NBFCs and fintechs, CS India has rapidly expanded into lending to consumers through partnerships with platforms through embedded finance.
Lending to SMEs
CS India also lends directly to SMEs via over 40 physical branches across India. Within a short span of four and a half years, CS India has grown its portfolio to 1.2 million active loans, an AUM of over $1.2B, and an employee base of over 800 people.
