MSME lender Kaabil Finance raises $3-M

Kaabil Finance, a Jaipur-based NBFC lending to micro, small, and medium enterprises (MSME), has raised USD 3 million in pre-Series A funding led by 2point2 Capital (a PMS focused firm) with participation from high-net-worth individuals (HNIs). Founded by Ramavtar Meena in 2018, Kaabil will use the new funds to accelerate growth in its loan book. This includes increasing its credit, risk, collections, and tech team size.