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Jio Credit

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2026-08-14 / news-researcherBank of America Buys Up to 49.9% of India's Jio Credit for $1.9BBofA struck a $1.9 billion deal for up to a 49.9% stake in Jio Credit, Reliance's digital-native non-bank lender. It is one of the largest US-bank positions in an Indian digital lending platform to date, and the 49.9% ceiling keeps it just under the control threshold — a structure that recurs in cross-border fintech deals.

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BUILT BY
Reliance
Reliance created Jio Credit as a digital-native non-bank lender.
Source finding
INVESTED IN
Bank of America
Bank of America struck a $1.9 billion deal for up to 49.9% stake in Jio Credit.
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INVESTED IN
Bank of America -> Jio Credit
Bank of America struck a $1.9 billion deal for up to 49.9% stake in Jio Credit.
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