Kinara Capital, a fintech for India’s small business entrepreneurs, announced closing a fresh equity round of INR ~200 crores led by British International Investment (BII), the UK’s development finance institution and impact investor. Existing equity investors Nuveen and the ASN Microkredietfonds advised by Triple Jump also participated in this round. This equity investment will aim to…
Kinara Capital closed a fresh equity round of INR 380 crores led by Nuveen, a leading global investment manager with over $1.3 trillion of assets under management, with participation from Triple Jump, a Dutch impact-focused investment manager advising the ASN Microkredietfonds. This new equity investment will lead to Kinara’s expansion of products and services to meet the…
Kinara Capital, a social impact fintech driving financial inclusion of India’s small business entrepreneurs, has announced securing EUR 8 million (~INR 70 crores) from Invest in Visions GmbH (IIV), pioneers of microfinance investments in Germany. Agents for Impact, a sustainability connector of investors and social impact organizations, arranged this transaction for Invest in Visions and…
Former Kinara Capital CTO, Jijy Oommen, has joined Aavas Financiers as CTO. Formerly known as AU Housing Finance, the company is primarily engaged in the business of providing housing loans to customers belonging to the low and middle-income segment in semi-urban and rural areas. In her new role, Oommen will be focusing on leveraging new-age…
Kinara Capital, a fintech for MSMEs, has secured INR 52 crores from Impact Investment Exchange (IIX). “This investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR…
Kinara Capital, a socially responsible fintech, announced securing USD $10 million from IndusInd Bank with a 100% guaranty from the U.S. International Development Finance Corporation (DFC). This is a part of a debt and equity round of INR 100 crores, with equity contribution coming from Kinara’s existing investors – Gaja Capital, GAWA Capital, Michael &…
One of the fastest-growing fintech for MSMEs, Kinara Capital recently announced that it has launched HerVikas, business loans to accelerate the financial inclusion of women entrepreneurs in India. Kinara Capital plans to disburse ₹100Cr in HerVikas small business loans to women entrepreneurs this fiscal year. With HerVikas, the company aims to encourage women entrepreneurs with…