Debt financing
Lender to MSMEs for green initiatives Profectus Capital raises $25-M from IFC
Business Line Profectus Capital
Mumbai-based NBFC (non-banking financial company) Profectus Capital has raised USD 25 million from International Finance Corporation (IFC) through non-convertible debentures (NCDs). IFC would also provide advisory support to the firm. The funding will be used by the company to expand energy-efficient equipment financing for MSMEs (micro, small and medium enterprises).Founded in 2017, Profectus Capital provides financing solutions for MSMEs in manufacturing and service sectors. The company specially offers Term Loans, Working Capital Term Loans and Supply Chain Financing Solutions.
Between Nov-17 and Jul-22, Profectus Capital had raised about USD 201 M from Incubate Fund Asia, and Actis.
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