Behind the silent rise of Credit Saison India
SummaryThe Japanese-owned firm has become a fintech darling and is slowly turning into a lending powerhouse
New Delhi: Around 2016, GE Capital decided to sell its stake in SBI Cards & Payments Services, a credit card joint venture. Two global buyout funds, Warburg Pincus and the Carlyle Group, bid for its 26% stake. A third contender emerged, rather silently. That firm was Credit Saison, a credit card issuer from Japan.