NBFC Avanti attracts $24-M from Rabobank arm, others

Bengaluru-headquartered Avanti Finance, a tech-enabled non-banking finance company, has raised USD 24 million from Holland's Rabo Partnerships and IDH Farmfit Fund, among others. Returning investors in the funding round included Oikocredit and Nandan Nilekani's family office NRJN Trust. The investment is expected to support ongoing investments in our deep tech platform to develop fit-for-purpose hyperlocal credit products, automated data and social signals driven underwriting for data-dark customers, amplify partnership network and accelerate co-lending programmes.