Acquisition · Financial Services

PB Fintech to acquire remaining MyLoancare stake

By Startup Enthusiast · 12 September 2026

What they do

PB Fintech runs Policybazaar and Paisabazaar, providing online marketplaces for insurance and credit products

The board approved buying the remaining 20% stake in MyLoancare Ventures for up to Rs 5 crore

The transaction turns the digital lending non-banking financial firm into a wholly owned subsidiary

PB Fintech cleared a plan to buy the leftover 20% stake in MyLoancare Ventures Pvt Ltd.
The purchase will cost as much as Rs 5 crore and turn MyLoancare into a wholly owned unit.
An outside valuer will fix the closing price from the asset's fair market assessment at September-end 2026.
The acquisition requires agreement from the equity vendors along with notification sent to the RBI (Reserve Bank of India).
The buyout represents an arm's length deal between related parties without extra promoter interest.

Regulators granted PB Fintech an Account Aggregator permit and cleared its Payment Aggregator license in FY26.
The parent company saw its annual profit after tax surge 90% to Rs 670 crore during FY26.
PB Fintech held Rs 5,109 crore in liquid cash reserves at the close of FY26.

The business operates digital distribution platforms named Policybazaar for protection policies and Paisabazaar for loans.
It relies on an asset-light approach (a model avoiding loan balance-sheet risk or insurance underwriting commitments).
The flagship Policybazaar portal began operations in 2008, followed by the Paisabazaar platform in 2014.
Total insurance sales reached 71.6 million policies cumulatively by June 2026.
More than 60.6 million consumers checked credit scores through Paisabazaar up to June 2026.
The group expanded its reach abroad into the UAE and set up an office in GIFT City.

Company leadership plans to meet institutional investors at two conferences in Hong Kong during late September 2026.