India, Aug. 25 -- Housing financier Altum Credo has secured INR 170 Cr ($19.4 Mn) in equity from its existing investor British International Investment (BII), the development finance arm of the UK government.

Altum Credo plans to utilise the freshly raised funds to scale up its operations across its current markets in India.

The company said that the proceeds will help expand credit access for low-income customers, primarily women, to support home construction and renovation.

"This investment further strengthens our balance sheet for a long-term sustainable impactful growth journey and our commitment to cater meaningfully to the large unmet demand for affordable housing finance in India," said Vikrant Bhagwat, managing director and chi...