Why You Shouldn’t Believe the Kissht Chinese Rumors: A Look at Kissht’s Business Partnerships

Digital lending in India has connected all the population sectors with innovative financial solutions. They are feeling better today with the presence of digitally-enabled lending apps. However, despite so many innovative things in the financial sector today, some strange rumours like Kissht Chinese distract digital borrowers.

However, the one of its kind digitally-enabled instant personal loan app operates with the vision to provide instant and hassle-free digital loan facilities, and people still have doubts about Kissht Chinese. The leading fintech player is operated by ONEMi Technology Solutions Private Limited, a non-government business organization incorporated on 18 June 2016. It is registered in Mumbai and is completely an India-based business organization.

Those who put false allegations related to Kissht Chinese need to acquire more details and information about its major financial partners. We will also discuss this point in the same context below, but first, let’s tell you where the fake news originated from.

A few months back, citing national security, MeitY banned a few lending apps in India. This is because they have been alleged to have links with China. As a result, several loan apps faced bans on Play Store and got blacklisted by the government of India. However, there was no proof to support allegations like Kissht Chinese, and the Kissht team approached MeitY to investigate the matter again. They showed all legal documents to MeitY officials that were enough to prove that Kissht was not involved in any such suspicious business activities.

MeitY officials clarified on the matter saying that Kissht’s name was entered in that list by mistake due to some similar-sounding apps. However, they instantly revoked the ban, but by then, this idle rumour of Kissht Chinese had stirred up a great storm in the social media world.

However, MeitY officials stated that Kissht Chinese news was untrue and no such connections were found. The list clearly mentioned that the Kissht app follows all mandatory guidelines issued by RBI and works with regulated entities. Government officials said they could continue doing digital transactions with these apps as all these platforms are legal, trusted, and credible.

To further eliminate the doubts of digital borrowers, our research team explored a list of Kissht’s major business partners. Some of them include:

Unifi Capital Pvt. Ltd. Established in 2001, a specialized portfolio management company headquartered in Nehru Place, New Delhi.

• Vivriti Capital Pvt. Ltd.

It is India’s first tech-enabled marketplace renowned for collaborating capital market investors with small enterprises and individuals. It is headquartered in Anna Salai, Chennai.

• UC Inclusive Credit

Incubated by Unitus Capital, the leading NBFC is headquartered in Ashok Nagar, Bengaluru.

• SMC Finance

A well-diversified financial service company headquartered in Pusa Road, Delhi.

• Manappuram Finance

A renowned name in the Indian gold loan segment, which offers Online Gold Loans at attractive interest rates. It is headquartered in Valapad, Kerala.

Apart from that, the list of its debt partners is very long. All names in the list are legal and are working as reputed financing institutions in the country. Kissht has more than 50 online partners and is considered among the most tech-enabled app in India, Kissht provides seamless instant personal loan facilities. You can upload your documents digitally to apply for a personal loan of Rs. 2,00,000* for a repayment tenure of up to 36 months. From next time onwards, you will be better able to deal with gossip and rumours by collecting enough information to evaluate the real truth behind every piece of information.