Infinity Fincorp Nets Additional $8 Mn To Boost Credit Accessibility For Micro Entrepreneurs
India, May 2 -- Mumbai-based Infinity Fincorp Solutions, a non-banking financial company, has secured an additional $8 Mn (around INR 66.7 Cr) funding from Archerman Capital.
The round is an extension to Infinity's $26 Mn funding round led by Jungle Ventures, with participation from Magnifico, last month.
The new investment brings the total amount raised in this round to $34 Mn (around INR 283 Cr) and total assets under management (AUM) to INR 800 Cr (around $100 Mn).
The NBFC plans to use the fresh funds to ramp up its credit accessibility to micro-entrepreneurs and small businesses in Tier III and IV cities and towns across India.
Shrikant Ravalkar, founder, managing director and CEO of Infinity, said, "The current equity fundraise,...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.