OnEMI Tech stock rally: Shares of Kissht parent company, OnEMI Technology Solutions Limited, rallied nearly 7.40% during Thursday’s intraday trading session. The massive surge in the fintech stock has come after the company announced that it has crossed ₹10,000 crore asset under management (AUM) milestone.
OnEMI Technology Solutions AUM milestone has come days after the company secured ₹832 crore fundraise.
OneEMI Technology Solutions Limited’s assets under management have crossed the ₹10,000 crore milestone, announced the technology-first digital lender in its press release on Wednesday after the stock market trading hours.
Kissht has built the scale as a full-stack digital lending platform, that would help the firm in leveraging technology, data and artificial intelligence across the lending lifecycle. The company is on track to expand its credit offerings and access to credit across India, with support of its proprietary AI-led underwriting models, technology-enabled collections infrastructure and expanding network.
“Crossing ₹10,000 crore in AUM is a proud moment for everyone at Kissht, and a significant milestone in our journey. This growth is built on the same principles we started with: disciplined underwriting, robust collections and a scalable, technology-led platform,” stated Ranvir Singh, Chairman, Director & CEO, Kissht.