Social VC Investments
Lender to MSMEs Arthan Finance raises Rs.50-Cr from Incofin, Dell Foundation
Mumbai-based NBFC Arthan Finance has attracted INR 50 crore in Series B funding from Incofin India Progress Fund and the Michael & Susan Dell Foundation. The company will use the funds to grow its assets under management, expand geographic footprint, and invest in AI and ML-based underwriting systems.Arthan Finance operates in Maharashtra, Odisha, Andhra Pradesh, and Telangana, providing growth capital to self-employed nano and micro enterprises in small towns. The company claims to have disbursed over INR 500 crore to more than 20,000 borrowers, with loan amounts ranging from INR 2,000 and INR 20 lakh.
In December 2021, Arthan Finance had raised USD 2.5 million from Michael & Susan Dell Foundation.
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