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Fintech firm ISFC in talks to raise $12 million in equity and debt

Fintech firm ISFC in talks to raise $12 million in equity and debt
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In view of the pandemic, Hyderabad-based Indian School Finance Company (IFSC) is looking to extend interest-free fixed instalment loans and help drive schools towards digital transformation.
Hyderabad: Fintech startup Indian School Finance Company (ISFC) is in talks with family offices to raise fresh equity of Rs 50 crore and an additional Rs 50 crore in debt (about $12 million overall) through non-convertible debentures in its eighth round of funding.
The education sector lender, which is backed by US-based impact investor Gray Matters Capital and Caspian, has so far raised around Rs 150 crore in equity and disbursed around Rs 350 crore worth of loans.

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