Debt

Debt financing

Small ticket business loans provider Moneyboxx raises Rs.132-Cr from 3 lenders

Business Line   Moneyboxx Finance Ltd  

Mumbai-headquartered Moneyboxx Finance Ltd , a BSE-listed non-banking financial company (NBFC), has raised INR 132 crore in debt capital during the third quarter of FY25, including INR 50 crore from three new lending partners - Indian Overseas Bank, Bajaj Finserv and Nabkisan Finance.The microfinance lender secured an additional INR 82 crore from its existing partners, including HDFC Bank, AU Small Finance Bank, Utkarsh Small Finance Bank, and Wint Wealth.Moneyboxx, which focuses on providing business loans to micro-entrepreneurs in Tier-III and smaller cities, operates 160 branches across 12 states in north and south India, up from 100 branches in eight states as of March 2024. The NBFC has raised over INR 1,000 crore in debt to date.