Private Equity Social VC Investments
Digital lender Kinara Capital attracts $24-M from IIX, BlueOrchard
Source Inc42 (opens in a new tab)
Bengaluru-based digital lending startup Kinara Capital has raised USD 24.4 million in debt from Singapore-based Impact Investment Exchange (IIX) and BlueOrchard Microfinance Fund. While IIX infused USD 14.4 million, BlueOrchard invested USD 10 million in Kinara Capital.Founded in 2011 by Hardika Shah, the fintech startup offers business loans to MSMEs (micro, small and medium enterprises).