Indifi Technologies, an online lending platform, has announced that it has secured Rs 340 crore in series D funding round.
The announcement informed, “The funding includes an equity component of Rs 140 crore led by CX Partners and OP Finnfund Global Impact Fund I, and Rs 200 crore in debt financing from Vivriti, Northern Arc, SIDBI, and other lenders.”
“Although India is home to numerous MSMEs, most of them lack access to funding. At Indifi, we address this problem by working closely with more than 100 data partners and a few top financial institutions, providing easily accessible loans digitally, and helping businesses grow in their journey. For example, our recent collaboration with Facebook digitally enables MSME players to avail small ticket sized loans to grow their businesses,” said Alok Mittal, CEO and co-founder at Indifi.
“Indifi is filling a critical gap in the Indian lending landscape – to provide loans to small merchants and businesses using technology to bypass constraints of traditional MSME lending by relying on data and integrating with anchor digital ecosystems and financial institutions,” added Manu Sahni, Managing Director at CX Partners.
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