Navi Finserv has completed a $24.5 million loan securitization transaction with Goldman Sachs (India) Finance Private Limited, marking Goldman Sachs as the seventh multinational bank to partner with the Indian financial services company.
This deal follows a $38 million securitization agreement with J.P. Morgan earlier in the year, reflecting Navi’s growing partnerships with global financial institutions.
The latest transaction is structured through pass-through certificates, rated IND AA (SO) by India Ratings, and backed by a pool of unsecured personal loans managed by Navi Finserv. The funds raised will be used to enhance Navi’s operations and advance its mission of simplifying financial access. By leveraging robust underwriting practices, Navi aims to further expand financial inclusion by offering seamless credit to customers.
Founded in 2018 by Sachin Bansal and Ankit Agarwal, Navi Finserv operates as a middle-layer NBFC (Non-Banking Financial Company) registered with the Reserve Bank of India. The company provides personal and home loans as part of its broader goal to democratize access to finance in India.
Navi’s financial growth has been strong, with revenue from operations increasing to Rs 1,906 crore in FY24, up from Rs 1,238 crore in FY23. The company also reported net profits of Rs 668 crore, bolstered primarily by gains from the sale of one of its subsidiaries. This latest securitization deal will further strengthen its capital structure and position it for continued growth.
