Bank of America backs Indian BNPL/lending play Jio Credit with $1.9B; not actionable for.

Bank of America announced a strategic partnership on August 12, 2026.

Primary

Bank of America

Amount

$1.9B

Date

August 12, 2026

Sub-sector

Lending Tech (Consumer)

While a significant capital commitment, this is a megabank entering the Indian consumer lending market—geographically and competitively distant from typical sub-$250M US fintech founders, and doesn't signal acquisition appetite or pricing for comparable assets.

Primary company

Bank of America

Counterparty

Not disclosed

Amount

$1.9B

Event date

August 12, 2026

Sub-sector

Lending Tech (Consumer)

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

PR Newswire

Source: prnewswire.com