VC Fund Investments
MSME lender Infinity Fincorp raises addl $8-M from Archerman Capital
Mumbai-based Infinity Fincorp Solutions , an NBFC focusing on customised property loans for MSMEs (micro, small and medium enterprises), has raised USD 8 million more from Archerman Capital. This investment acts as an extension to the recent USD 26 million funding round led by Jungle Ventures.With this addition, the total funding raised in this round has reached USD 34 million, elevating the company's total Assets Under Management (AUM) to INR 800 crore (~USD 100 M).Infinity enables credit access to a range of MSMEs, including tea shop owners, vegetable vendors, small machine enterprises, restaurants, provision stores, textile shops, electricians, plumbers, carpenters, milkmen, laundry service providers, hairdressers, and financially underserved small-scale manufacturers.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
