Si Creva Capital Services Private Limited

What Si Creva Capital Services Private Limited does

Si Creva Capital Services Private Limited is an RBI-registered Middle Layer Non-Deposit taking NBFC (Registration No. N-13.02129) incorporated in 2015 and headquartered in Mumbai, India. The company operates as the credit-originating entity within the OnEMI Technology Solutions group, providing secured and unsecured loans to Indian consumers and small businesses through the Kissht and PayWithRing digital lending platforms owned by its parent. Its product portfolio comprises medium-term personal loans (3 months to under 6 months), long-term personal loans (6 months to 60 months) up to ₹5,00,000, and secured Loan Against Property up to ₹30 lakhs with tenures up to 180 months, priced at APRs ranging from 28% (medium-term unsecured) to 36% (long-term unsecured) and up to 34% for secured LAP.

The company's technology stack is built around paperless, mobile-first loan origination through the Kissht and PayWithRing apps, supplemented by algorithm-driven credit assessment that uses transaction, KYC, and behavioral data, plus plug-and-play gateway APIs integrated into merchant checkout flows and POS systems. It maintains co-lending infrastructure with escrow account segregation per RBI Master Directions and operates ISO and AICPA-certified processes. Distribution is multi-channel: owned Kissht and PayWithRing apps, seven-plus Lending Service Provider platforms (PaisaBazaar, Flipkart, Tata Neu, IndiaLends, Aditya Birla Capital Digital, Paytm, Mint Money, Bachatt), and 20+ financial institution co-lending and lending partners (Piramal Finance, Northern Arc, MAS Financial, SMFG India Credit, Suryoday SFB, Utkarsh SFB, Aditya Birla Capital, Vivriti Capital).

Si Creva earns revenue primarily through interest income on its loan book (FY 2024-25 turnover of ₹1,092.48 crore), supplemented by processing fees, late payment charges, foreclosure charges, documentation charges, stamp duty, and applicable GST. The company also generates co-lending servicing fees under arrangements where it originates and services loans while partner banks, FIs, and NBFCs retain a minimum 10% share per RBI guidelines. As of Q4 FY26, Si Creva reported Assets Under Management of ₹7,066 crore (73% year-on-year growth), 3.2 million active customers (71% growth), Gross NPA of 2.12% (improved from 2.9%), and RoAUM of 5.3% annualized for 9M FY26. The company is a wholly-owned subsidiary of OnEMI Technology Solutions Limited, which listed on Indian exchanges in May 2026 after raising ₹850 crore, of which ₹637.5 crore was earmarked to augment Si Creva's capital base.

Name

Si Creva Capital Services Private Limited

Legal name

Si Creva Capital Services Private Limited

Website

https://sicrevacapital.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Si Creva Capital Services is an RBI-registered Middle Layer NBFC that provides secured and unsecured personal and business loans to Indian consumers and merchants through the Kissht and PayWithRing digital lending platforms.

Ownership category

akta.pro rank

Product category

Digital Consumer Lending

NAICS

Nondepository Credit Intermediation (5222), Sales Financing (522220)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

akta.pro secondary industry

Large Purchase & Lifestyle Personal Loans (Unsecured Installment) (FSAKAAAG)

Keywords

• Digital consumer lending
• Non-banking financial company
• Personal loan products
• Loan against property
• Merchant EMI financing

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income on Loans: Si Creva earns interest income from lending secured and unsecured loans to consumers and businesses. Loans include unsecured personal loans (medium-term and long-term) and secured loans against property, with interest rates ranging up to 36% APR for unsecured loans and up to 34% APR for secured loans.
2. Processing Fees and Charges: The company levies processing fees, late payment charges, legal charges, lock-in fees, pre-payment/foreclosure charges, stamp duty, documentation charges, and applicable GST on loans. These are communicated in loan documentation and Key Facts Statement.
3. Co-lending and Partnership Revenue: Si Creva participates in co-lending arrangements with other regulated entities (banks, NBFCs), sharing interest income, fees, and risk in pre-agreed proportions. The company also earns AUM and servicing fees from these partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Si Creva is an RBI-licensed Middle Layer NBFC that originates and services secured and unsecured personal and business loans for Indian consumers and merchants. It distributes these loans through its own digital lending platforms Kissht and PayWithRing (mobile apps with POS and checkout API integrations), through third-party Lending Service Providers such as PaisaBazaar, Flipkart, Tata Neu, IndiaLends, Paytm and Mint Money, and through co-lending partnerships with banks and NBFCs. Its retail credit offerings include collateral-free personal loans up to ₹5,00,000 with tenures from 3 months to 60 months and secured Loan Against Property up to ₹30 lakhs with tenures up to 180 months.

Product overview

Si Creva Capital Services Private Limited is a Middle Layer Non-Deposit taking NBFC (RBI Registration No. N-13.02129) that operates as a digital lending platform enabling easy and seamless access to credit in India. The company operates through two primary digital lending platforms — Kissht and PayWithRing (RING) — owned by its 100% holding company OnEMI Technology Solutions Limited, and also directly offers Loan Against Property. Si Creva provides a portfolio of credit products including Medium-Term Personal Loans (3 to <6 months tenure), Long-Term Personal Loans (6 to 60 months tenure), and secured Loan Against Property (up to 180 months tenure). The company partners with 20+ financial institutions and multiple lending service providers to distribute its credit products.

Differentiator

Problem solved

Functional benefit

Brands

• Kissht: Digital lending platform enabling instant, seamless credit for consumers at digital points of sale
• PayWithRing

Products and services

• Kissht Financial technology platform enabling instant, seamless credit for consumers to make purchases at digital points of sale (online and offline); its plug-and-play gateway APIs integrate into merchant checkout pages or retail POS systems for providing access to quick loans.
• PayWithRing (RING) Made-in-India credit platform operated by OnEMI Technology Solutions providing speedy and hassle-free credit financing to customers across India, enabling EMI access for merchant stores.
• Medium-Term Personal Loans Collateral-free personal loans with tenure of 3 months to less than 6 months catering to customers' short-term business and personal needs, with flexible billing cycles and speedy approvals; available up to ₹5,00,000 with APR up to 28%.
• Long-Term Personal Loans Loans with tenures of 6 months up to 60 months, provided for both business and personal needs, with instant approval up to ₹5,00,000 and minimal documentation; APR up to 36%.
• Loan Against Property Secured loans up to ₹30 lakhs with collateral against residential or commercial property, featuring flexible tenures of up to 180 months and financing up to 70% of the property's value; APR up to 34%.

Quantifiable outcome

• AUM grew 73% year-on-year to ₹7,066 crore in Q4 FY26
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered minor and core.

• Piramal FinanceminorChannel Partner/ Reseller/ DistributorPiramal Finance is listed as a lending partner of Si Creva, providing loan products through Si Creva's distribution network.
• Northern ArcminorChannel Partner/ Reseller/ DistributorNorthern Arc is listed as a lending partner of Si Creva, enabling access to diversified lending products.
• MAS Financial ServicesminorChannel Partner/ Reseller/ DistributorMAS Financial Services is listed as a lending partner of Si Creva.
• SMFG India CreditminorChannel Partner/ Reseller/ DistributorSMFG India Credit is listed as a digital lending partner of Si Creva.
• Suryoday Small Finance BankminorChannel Partner/ Reseller/ DistributorSuryoday Small Finance Bank is listed as a lending partner of Si Creva.
• Utkarsh Small Finance BankminorChannel Partner/ Reseller/ DistributorUtkarsh Small Finance Bank is listed as a lending partner of Si Creva.
• Aditya Birla CapitalminorChannel Partner/ Reseller/ DistributorAditya Birla Capital is listed as a lending partner and digital lending platform partner of Si Creva.
• Vivriti CapitalminorChannel Partner/ Reseller/ DistributorVivriti Capital is listed as a lending partner of Si Creva.
• PaisaBazaar (PaisaBazaar Marketing and Consulting Private Limited)minorChannel Partner/ Reseller/ DistributorPaisaBazaar is a Lending Service Provider for Si Creva, enabling loan distribution through India's largest financial marketplace.
• Flipkart (Scapic Innovation Pvt Ltd)minorChannel Partner/ Reseller/ DistributorFlipkart/Scapic is listed as a Lending Service Provider for Si Creva, enabling loan distribution through the Flipkart e-commerce ecosystem.
• Tata Digital (Tata Neu)minorChannel Partner/ Reseller/ DistributorTata Digital (Tata Neu) is listed as a Lending Service Provider for Si Creva, enabling loan distribution through the Tata Neu digital ecosystem.
• IndiaLends (GC Web Ventures Private Limited)minorChannel Partner/ Reseller/ DistributorIndiaLends/GC Web Ventures is listed as a Lending Service Provider for Si Creva.
• Paytm (One97 Communications Limited)minorChannel Partner/ Reseller/ DistributorPaytm is listed as a Lending Service Provider for Si Creva, enabling loan distribution through India's leading digital payments platform.
• Mint Money (HT Digital Streams Limited)minorChannel Partner/ Reseller/ DistributorMint Money/HT Digital Streams is listed as a Lending Service Provider for Si Creva.
• BachattminorChannel Partner/ Reseller/ DistributorBachatt is listed as a Lending Service Provider for Si Creva.
• Co-lending Partner Banks, Financial Institutions, and NBFCscoreStrategic or Co-development PartnerSi Creva enters into co-lending arrangements with eligible banks, financial institutions, and NBFCs to jointly fund loan portfolios in pre-agreed proportions with revenue and risk sharing. Each co-lending partner retains a minimum 10% share of individual loans on its books per RBI guidelines. Si Creva acts as the originating RE handling customer onboarding, credit sanctioning, disbursement, and loan servicing, while co-lenders provide capital participation. The company maintains distinct escrow accounts for fund segregation between co-lending parties.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• IIFL Finance: Diversified Indian NBFC with personal loans, gold loans, and home loans across digital and branch channels. Comparable in personal loan and secured lending product mix; serves broader retail and SME segments.
• Cholamandalam Investment and Finance: Large Indian NBFC providing vehicle finance, home loans, and SME loans. Comparable in NBFC regulatory standing and consumer credit orientation; larger and more diversified than Si Creva.
• Bajaj Finance: One of India's largest NBFCs offering consumer durables financing, personal loans, and EMI products across digital and merchant channels. Highly comparable to Si Creva's POS lending and personal loan businesses, but at significantly larger scale and broader product set.
• Paytm (lending services): Beyond payments, Paytm operates postpaid/BNPL and personal loan products through partner NBFCs and LSPs. Comparable distribution-side overlap (Paytm is a Si Creva LSP) and consumer lending reach, though larger ecosystem.

Emerging players

• ZestMoney: Digital lending platform historically focused on consumer durable and EMI financing at merchant checkout. Comparable to Si Creva's POS financing through Kissht/Ring, though currently smaller and more focused on specific merchant verticals.
• Navi Technologies (Navi Finserv): Fintech-led NBFC offering personal loans, home loans, and other credit products through a digital-first model. Comparable in digital lending emphasis and consumer-facing structure, though broader in product scope.

Direct peers

• KreditBee: India-focused digital personal loan platform serving salaried and self-employed borrowers through mobile app and partner channels. Direct competitor with overlapping product mix (short- and long-term unsecured personal loans) and similar mass-market targeting.
• Fibe (formerly EarlySalary): Digital lending platform offering salary advances and personal loans to salaried and self-employed professionals via mobile app. Closest direct peer to Si Creva's Kissht/PayWithRing offerings in target segment, distribution model, and ticket size.
• LazyPay (PaySense / LazyPay): Pay-later and short-term personal loan product operated by IBS Group with strong merchant and consumer checkout presence. Comparable to Si Creva's POS-driven originations through Kissht/PayWithRing and similar digital lending economics.
• MoneyTap: Digital personal line-of-credit and loan provider in India targeting salaried professionals. Direct competitor with similar product (revolving credit + personal loans), digital-first onboarding, and BSP structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/si-creva-capital-services-pvt-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Si Creva Capital Services Private Limited