Agriwise Finserv Limited, India’s agri-financing (NBFC) company, has announced the appointment of Kalpesh Ojha as its Chief Financial Officer (CFO). The senior-level appointment is to strengthen its leadership team further, focusing on corporate governance, risk diligence, and professional management. In addition, he will closely work with the executive team members to implement the firm’s strategy…
Delhi based, MSME focused, digital lender Prest Loans has signed up a strategic alliance agreement with Mumbai based U GRO Capital, a BSE listed technology enabled NBFC, to provide secured business loans to Micro SME business units. Under this arrangement Prest Loans shall offer U GRO Capital’s ‘GRO Micro’ product to its small businesses and…
Fintech startup Chqbook has raised $1 M from InnoVen Capital to increase its loan book, according to a press release. Speaking on the development, Vipul Sharma, Founder & CEO, Chqbook stated, “We have witnessed that 50 percent of all requests on the Chqbook App are credit-related. Hence, it becomes important for us to focus on…
The Finance Committee of the Board of Directors of MAS Financial Services Limited, specialized in MSME financing, in its meeting held on March 30, 2021 approved and allotted, on a private placement basis, 6,500 Rated, Senior Listed, Transferable, Redeemable, Principal Protected Market-linked Non-convertible debentures (Market-linked NCDs) of face value of INR 100,000, aggregating up to…
Chennai-headquartered – Five Star Business Finance Ltd has secured ₹1,700 crore ($234 million) from a KKR-led consortium. The funding round saw participation from existing investors – Sequoia Capital India, Norwest Venture Partners along with new investors – KKR and TVS Capital, among others. The funding will also be made through sales of secondary shares by…
Vistaar Finance has raised Rs. 225 crore (US$ 30 million) External Commercial Borrowing (ECB) from FMO, the Dutch entrepreneurial development bank, making this amongst the larger such transactions in the MSME segment this year. Vistaar has now raised over Rs. 550 crore of debt financing in seven months of this financial year. These funds will be deployed…
Satin Creditcare, an NBFC (non-banking financial corporation), has raised $15 million led by the Development Bank of Austria (OeEB). The company was founded in 1990 by H.P. Singh. Earlier, it had raised $9.4 million from Switzerland-based international impact asset manager, responsAbility Investments AG. The company will utilize these funds in its planned expansion, portfolio growth…
Warburg Pincus LLC, an American private equity firm has acquired a minority stake in Fusion Microfinance, a non-banking financial company (NBFC) for Rs.520 crore ($ 75 million). Creation Investment, an existing investor, has also participated in this round. Investors such as Belgium’s Incofin, NMI, BIO and SIDBI have made successful exits in this round. “This is…