IIFL Finance has incorporated wholly owned subsidiary (WOS) in the name of ‘IIFL Open Fintech’ on May 17, 2022. The Ministry of Corporate Affairs, has issued a Certificate of Incorporation for the same. The company has incorporated WOS for offering neo-banking services to consumers and micro enterprises and retail customers including lending, investment, and wealth management services to certain target groups.
IIFL Finance is an Indian diversified financial services company.