Lender to MSMEs Finova raises $65-M led by Norwest Venture Partners

Non-banking finance company (NBFC) Finova has raised USD 65 million from Norwest Venture Partners, Maj Invest and Faering Capital. The firm, focused on the micro, small and medium enterprises (MSME) segment will use the funds to grow its loan book, invest in technology, expand geographical presence and scale financial inclusion. Of the total fundraise, Norwest brought in USD 45 million. The rest came from other investors.