Credit Saison India
Credit Saison India is a Bengaluru-based NBFC (founded 2018, licensed 2020) that lends to Indian retail consumers and MSMEs via 100+ branches, four verticals (Wholesale, Embedded, Fintech Partnership, Branch-led), and 20+ fintech partnerships, serving 1.9M+ active customers with INR 20,000+ Crores AUM.
- Company typePrivate
- Founded2018
- HeadquartersBengaluru, India
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Credit Saison India does
Credit Saison India, operating as Kisetsu Saison Finance (India) Private Limited, is a Bengaluru-headquartered non-banking financial company (NBFC) founded in 2018 that received its NBFC license in 2020. The company extends credit to Indian retail consumers and micro, small, and medium enterprises (MSMEs) through four business verticals — Wholesale, Embedded, Fintech Partnership, and Branch-led — supported by 1,400+ employees and 100+ branches across states including Maharashtra, Karnataka, Gujarat, Rajasthan, and Jammu & Kashmir. As of the latest disclosures, Credit Saison India manages an AUM of INR 20,000+ Crores, has originated 9.6M+ lifetime loans, and serves 1.9M+ active customers, with $1.7B deployed since inception.
The company earns revenue primarily through interest income on its loan book, supplemented by fees from its embedded finance and co-lending partnerships with over 20 fintech and bank counterparties (including Paytm, PhonePe, and BharatPe) and direct branch-originated lending. Its core technology platform is Pennant Technologies' pennApps Lending Factory, implemented with a February 2026 go-live that migrated 1.7M partner loan accounts, providing loan origination, servicing, and partner integration infrastructure. The company carries a AAA CRISIL rating and is backed by Japanese parent Credit Saison Japan (which led the Series A in 2019) and Mizuho Bank (which acquired a ~15% stake for INR 1,200 crore in February 2024). For FY2026, the company reported revenue of Rs 3,348.40 crore (~USD 400M) and net profit of Rs 335.57 crore.
The operating model is hybrid: branch-led direct lending to retail and SME borrowers in tier-2/tier-3 markets is balanced against a B2B2C embedded/fintech partnership book where Credit Saison underwrites or co-lends on loans originated through digital partner platforms. Cumulative capital raised since inception totals approximately USD 1.7B across ECBs and equity, including a maiden USD 300M ECB in April 2025, a follow-on USD 150M ECB in May 2025, and a USD 500M ECB in May 2026 — a capital structure that reflects both balance-sheet scale ambitions and reliance on offshore debt markets.
Credit Saison India firmographics
Firmographics- Name
- Credit Saison India
- Legal name
- Kisetsu Saison Finance (India) Private Limited
- Website
- https://creditsaison.in
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Credit Saison India is a Bengaluru-based NBFC (founded 2018, licensed 2020) that lends to Indian retail consumers and MSMEs via 100+ branches, four verticals (Wholesale, Embedded, Fintech Partnership, Branch-led), and 20+ fintech partnerships, serving 1.9M+ active customers with INR 20,000+ Crores AUM.
- Ownership category
- akta.pro rank
Credit Saison India industry classification
Industry- Product category
- Non-Banking Financial Services
- NAICS
- Sales Financing (522220), Nondepository Credit Intermediation (5222)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where Credit Saison India is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices14 records
Markets served
Credit Saison India business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest income on loans: Primary revenue stream earned as interest on disbursed loans across consumer (Business, Doctor, Vyapari, Small Business, Home, LAP, Micro LAP) and wholesale/embedded lending books. Rates vary by product (e.g., Business Loan from 16% p.a., Home Loan from 10% p.a., LAP from 9.75% p.a.).
- Loan processing and service fees: Non-interest charges including processing fees, documentation charges, stamp duty, verification charges, and statutory fees collected at origination and during the loan lifecycle.
- Penal and incidental charges: Late payment fees, foreclosure/prepayment charges, bounced payment charges, and incidental charges on loan accounts.
- Wholesale and co-lending spread income: Net interest spread earned on capital deployed to fintech partners, NBFCs, and bank co-lending arrangements where Credit Saison funds a portion of partner-originated loans.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Business Loan — interest rate starting at 16% p.a. |
| Other | Monthly | Doctor Loan — interest rate starting at 13% p.a. |
| Other | Monthly | Vyapari Loan — interest rate starting at 20% p.a. |
| Other | Monthly | Small Business Loan — interest rate starting at 21% p.a. |
| Other | Monthly | Home Loan — interest rate starting at 10% p.a. |
| Other | Monthly | Loan Against Property — interest rate starting at 9.75% p.a. |
| Other | Monthly | Micro Loan Against Property — interest rate as per product page |
| Other | Pay-as-you-go | Loan charges and fees schedule |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels7 records
Credit Saison India product offering
Product offeringCore offering
Credit Saison India is a non-banking finance company (NBFC) that provides diversified credit solutions across four lending verticals: Wholesale Financing, Embedded Financing, Fintech Partnership, and Branch-led Solutions. It offers a comprehensive suite of loan products including Business Loans, Doctor Loans, Vyapari Loans, Small Business Loans, Home Loans, Loan Against Property, and Micro Loan Against Property, targeting retail consumers, MSMEs, professionals, and partner institutions.
Product overview
Credit Saison India (Kisetsu Saison Finance India Pvt. Ltd.) operates a platform-plus-modules architecture combining four B2B and branch distribution verticals — Wholesale Financing, Embedded Financing, Fintech Partnership, and Branch-led Solutions — with a portfolio of seven direct loan products: Business Loans, Doctor Loan, Vyapari Loans, Small Business Loans, Home Loans, Loan Against Property, and Micro Loan Against Property. The entire lending lifecycle (origination, servicing, collections) is delivered through a tech-led digital lending stack powered by Pennant Technologies' pennApps Lending Factory, and is complemented by the Credit Saison India App (formerly Privo) for customer self-service. The platform integrates with NSDL for PAN validation, CKYCR for KYC, and TransUnion CIBIL for credit reports, and serves 1.9 million+ active customers across 100+ branches and 1,400+ employees, with assets under management exceeding INR 20,000 Crores.
Differentiator
Problem solved
Functional benefit
Products and services
- Wholesale Financing
- Embedded Financing
- Fintech Partnership
- Branch-led Solutions
- Business Loan
- Doctor Loan
- Vyapari Loan
- Small Business Loan
- Home Loan
- Loan Against Property
- Micro Loan Against Property
Quantifiable outcome
- INR 20,000 Crores+ in Assets Under Management
- +5 more outcomes
Companies that use Credit Saison India
Customer profileNamed customers22 records
Segments5 records
Ideal customer profiles4 records
Credit Saison India technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
Credit Saison India partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, flagship and minor.
- Pennant TechnologiescoreCredit Saison India implemented Pennant Technologies' pennApps Lending Factory — a low-code loan origination and management platform — to automate and scale its lending operations across consumer, wholesale, and embedded financing businesses.
- Credit Saison JapanflagshipCredit Saison Japan (Kisetsu Saison Finance / Credit Saison Co., Ltd.) is the parent and promoter of Credit Saison India (Kisetsu Saison Finance (India) Private Limited). The Japanese parent provides strategic direction, governance, brand, and ongoing capital support across the four lending verticals.
- ICICI Lombard General InsuranceminorListed insurance partner providing insurance products bundled or offered to Credit Saison loan customers.
- HDFC ERGO General InsuranceminorListed insurance partner offering insurance products to Credit Saison customers.
- ManipalCigna Health InsuranceminorListed health insurance partner offering health cover products to Credit Saison customers.
- Reliance General InsuranceminorListed insurance partner offering general insurance products to Credit Saison customers.
- Star Health & Allied InsuranceminorListed health insurance partner offering health products to Credit Saison customers.
- DocOnlineminorListed wellness partner offering telemedicine/doctor consultation benefits to Credit Saison customers.
- vHealth (by Aetna)minorListed wellness partner offering preventive healthcare/telemedicine services to Credit Saison customers.
- Avanti FinanceminorListed partner in Credit Saison's co-lending/embedded financing ecosystem focused on underserved borrower segments.
- EarlysalaryminorListed co-lending partner in Credit Saison's fintech partnership ecosystem for salaried consumer credit.
- EdGrominorListed co-lending partner in Credit Saison's fintech partnership ecosystem.
- KrazybeeminorListed co-lending partner in Credit Saison's fintech partnership ecosystem for consumer credit.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
Credit Saison India competitors and assessment
Company assessmentDirect peers
- Bajaj Finance: India's largest and most diversified NBFC, offering consumer, SME, mortgage and commercial lending across digital and branch channels. Directly comparable to Credit Saison India's multi-vertical, multi-product lending model and co-lending/embedded partnerships with fintechs.
- Cholamandalam Investment and Finance: Large Indian NBFC with strong vehicle finance, home equity, SME and consumer lending books. Comparable in product breadth (secured + unsecured), branch-led distribution and growing digital/co-lending channels.
- Muthoot Finance: India's largest gold-loan-focused NBFC with a deep branch network across tier-2/tier-3 India. Comparable as a pan-India NBFC serving underserved borrowers through physical branches, with growing diversification into SME and housing finance.
- Tata Capital: Indian NBFC arm of the Tata Group offering consumer, SME, housing and rural credit, with growing digital channels. Comparable multi-vertical NBFC with branch + digital distribution, co-lending partnerships and AAA-rated balance sheet.
- IIFL Samasta Finance: NBFC focused on microfinance, affordable housing and small-business lending across India. Comparable in its focus on underserved MSME and micro-borrower segments, multi-product strategy and branch-led distribution in tier-2/tier-3 cities.
- L&T Finance Holdings: Diversified Indian NBFC with strong presence in farm, SME, housing and consumer finance. Comparable in retail credit mix, co-lending partnerships with banks, and digital transformation of loan origination.
Emerging players
- InCred Finance: Tech-led Indian NBFC focused on MSME, education and consumer lending with a digital-first model. Comparable in focus on underserved MSME borrowers, data-driven underwriting, and lending-as-a-service / co-lending partnerships.
- Lendingkart: Fintech-NBFC focused on working-capital loans to small businesses and MSMEs in India. Comparable target segment (MSME working capital), product overlap (Business/Small Business Loans), and similar rates in the 16–24% p.a. range.
Broad incumbents
- Shriram Finance: Large Indian NBFC with dominant position in commercial vehicle finance, two-wheeler loans, gold loans and SME credit. Comparable as a pan-India NBFC serving underserved retail and small-business borrowers with a branch-led model.
Others
- MoneyTap: Indian consumer-credit fintech platform listed as one of Credit Saison India's fintech co-lending partners. Included as both an embedded-finance partner and an adjacent consumer-credit player with overlapping end-customer segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Credit Saison India social profiles
Digital presenceCredit Saison India compliance and trust
Trust signalCompliance3 records
Credit Saison India financial estimates
Financial estimateRevenue estimate
Valuation estimate
Credit Saison India leadership team
Management profileNumber of profiles
Profiles21 records
Credit Saison India funding detail
Funding detailFunding overview
Funding rounds6 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Credit Saison India M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Credit Saison India
What does Credit Saison India do?
Credit Saison India is a non-banking finance company (NBFC) that provides diversified credit solutions across four lending verticals: Wholesale Financing, Embedded Financing, Fintech Partnership, and Branch-led Solutions. It offers a comprehensive suite of loan products including Business Loans, Doctor Loans, Vyapari Loans, Small Business Loans, Home Loans, Loan Against Property, and Micro Loan Against Property, targeting retail consumers, MSMEs, professionals, and partner institutions.
Is Credit Saison India a public or private company?
Credit Saison India is a private company. It is classified as unknown and is currently operating.
When was Credit Saison India founded?
Credit Saison India was founded in 2018. It employs 1,001 to 5,000 people.
Where is Credit Saison India based?
Credit Saison India is headquartered in Bengaluru, India, in the Asia region.
How does Credit Saison India make money?
Four revenue lines are on record. Interest income on loans are the primary driver. The others are loan processing and service fees, penal and incidental charges and wholesale and co-lending spread income.
Who are Credit Saison India's main competitors?
Direct peers on record are Bajaj Finance, Cholamandalam Investment and Finance, Muthoot Finance, Tata Capital, IIFL Samasta Finance and L&T Finance Holdings. Emerging players are InCred Finance and Lendingkart. Shriram Finance is listed as a broad incumbent. MoneyTap is listed as an others.
Does Credit Saison India have an API?
No public API is recorded for Credit Saison India.
What industry is Credit Saison India in?
Credit Saison India's product category is Non-Banking Financial Services. Its primary akta.pro industry code is FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 522220 and its SIC code is 6141.