Mitsubishi UFJ Financial and Sumitomo Mitsui Trust completed a $400m investment in DMI Finance.

Mitsubishi UFJ Financial, a financial services group, and Sumitomo Mitsui Trust, an asset manager, completed a $400m investment in DMI Finance, a digital lender with products including consumption, personal and MSME loans. “Powered by worldleading digital infrastructure, India is in the midst of an unprecedented transformation. DMI Finance aims to be the trusted partner for Indian households and small businesses in addressing their rapidly growing financial needs. We are delighted to welcome MUFG and SuMi TRUST Bank on this pioneering mission, on which we embarked in 2016, of providing credit in real time to our clients. We are grateful to them for this display of confidence in the ability of our team to deliver superior results, both for our clients and our investors," Shivashish Chatterjee, DMI Finance Co-Founder and Joint Managing Director.