PE-VC Fund Investments
NBFC Techfino raises Rs.65-Cr from Stellaris, Saison Capital
Bengaluru-based non-banking finance company (NBFC) Techfino has raised INR 65 crore in an equity funding round led by Stellaris Venture Partners and Saison Capital (the venture arm of Japanese consumer finance major Credit Saison).Techfino had previously raised around INR 18 crore from DCB Bank and others.Founded in 2019 by three senior bankers, Rajesh Panda, Ratikanta Satpathy and Jayaprakash Patra, Techfino started with education loans. The company has recently started offering loans against property to small businesses.The company has a book of INR 225 crore, which it wants to scale up to INR 350 crore, with INR 200 crore AUM being built in the LAP portfolio. For the secured loan business, Techfino leverages a branch-led model in states across Karnataka, Andhra Pradesh, Madhya Pradesh and Gujarat. It has 30 branches currently, which the company wants to double by FY26.From the current base of around 400 employees, Techfino wants to scale up its headcount to around 600 by the end of this year. The firm closed FY25 with a total revenue of INR 34 crore and a profit before tax of INR 1.5 crore.
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