Mumbai, Oct. 23 -- Trade finance-focused non-bank CapitalXB Finance Pvt. Ltd has raised $15 million in seed funding led by London-based investor Nicolas Walewski, best known for managing multi-billion-dollar portfolios at investment firm Alken Asset Management and an Indian family office.

The $15 million round, a mix of equity and debt, marks Walewski's first investment in India. "The NBFC (non-banking financial company) space is one that we know reasonably well from a European perspective, and we are hugely impressed by the vision that Taranjit and his team have for Capital XB to become a significant player in this niche segment of the market," said Walewski, adding that his exposure to the country was likely to increase over time.

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