Suryoday Small Finance Bank (SSFB), a Mumbai-based Non-Banking Finance Company, announced that it has closed an equity funding worth Rs 62.14 crore from existing investors including Gaja Capital, Kotak Life, Lok Capital, TIAA, and Kiran Vyapar. The company will use the current financing to boost expansion. It has plans to expand to 100 branches within…
Satya MicroCapital Ltd, a New Delhi-based micro-lending company, announced it has raised Rs 105 crore in equity funding by Gojo & Company, Inc. This is one of the first investments in the microfinance sector after the nationwide lockdown. The company will utilise the recent capital infusion in a diversified manner for employment generation and livelihood…