India, June 3 -- Housing finance startup Nivasa Finance's subsidiary Nivasa Capital has secured the approval of Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC).

The central bank has granted the licence under RBI's Type II NBFC-ND classification as an investment and credit company. With the licence, Nivasa Capital will be able to extend secured mortgage credit. The startup intends to target borrower segments that remain outside the reach of conventional underwriting, it said in a statement.

Founded in 2025 by Samit Shetty and Hitesh Saraf, Nivasa Finance operates as a tech-enabled home loan distribution platform, connecting borrowers with banks and NBFCs for affordable housing finance.

Its platform combi...