Volt Money offers borrowing backed by financial assets and was an early entrant in digital loans against mutual funds, or LAMF. Under this arrangement, investors pledge mutual fund units to raise money rather than sell their holdings. Its platform can provide funds within five minutes.

DSP Finance obtained its NBFC registration in 2024. It has since built a retail customer base exceeding 1.8 lakh and a loan portfolio of roughly ₹4,000 crore. The acquisition is intended to support further expansion through technology and make the borrowing process easier.

The deal comes as more Indian households direct savings towards mutual funds. Borrowing against these holdings can help investors meet immediate cash requirements without selling investments intended for longer-term goals. Secured borrowing generally costs less than personal loans, although no product-specific interest rates have been stated.

DSP Finance chairman Hemendra Kothari described the purchase as a step towards stronger technology capabilities in secured lending. CEO Jayesh Mehta highlighted easier access to borrowing and attention to repayment capacity. Volt Money CEO and co-founder Lalit Bihani said DSP’s financial backing would help the platform expand.