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Indifi: Indifi secures $5 million from IndusInd Bank

Synopsis
Indifi has forayed into the pharma segment and will be extending its credit line solution to retailers - especially pharma distributors and local chemists - for managing their working capital needs and cash flows.
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These funds will be used for onward lending to MSMEs to accelerate post-Covid economic recovery.
Indifi Technologies announced Rs 35 crore debt financing from IndusInd Bank Ltd, with a guaranty from US International Development Finance Corporation (DFC). These funds are deployed through Rs 35 crore of term loan from IndusInd Bank’s impact investing group to Riviera Investors Private Limited which is Indifi’s in-house NBFC arm. These funds will be used for onward lending to small businesses (MSMEs) to accelerate post-Covid economic recovery. ....

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[Funding alert] Lending platform Indifi raises $5M in debt financing

[Funding alert] Lending platform Indifi raises $5M in debt financing
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

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Kinara Capital secures USD 10 million from IndusInd Bank with 100 percent guaranty from U.S. International Development Finance Corporation (DFC)

Kinara Capital
Kinara Capital secures USD 10 million from IndusInd Bank with 100 percent guaranty from U.S. International Development Finance Corporation (DFC)
ANI |
Updated: Feb 22, 2021 15:19 IST
Bengaluru (Karnataka) [India], February 22 (ANI/BusinessWire India): Kinara Capital, a socially responsible fintech, today announced securing USD USD 10 million (INR 74 crores) from IndusInd Bank with a 100 per cent guaranty from the U.S. International Development Finance Corporation (DFC). This is a part of a debt and equity round of INR 100 crores, with equity contribution coming from Kinara s existing investors - Gaja Capital, GAWA Capital, Michael and Susan Dell Foundation (MSDF) and Patamar Capital.
This investment will be utilized by Kinara Capital towards the expansion of MSME financial inclusion across manufacturing, trading, and services sectors in India. Kinara Capital is at the forefront of driving financial inclusion ....

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Kinara Capital secures USD 10 million from IndusInd Bank

Kinara Capital secures USD 10 million from IndusInd Bank
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Project Finance Specialist (Latin America and the Caribbean, and Europe and - Washington, District of Columbia - 587647300

Project Finance Specialist (Latin America and the Caribbean, and Europe and - Washington, District of Columbia - 587647300
latpro.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latpro.com Daily Mail and Mail on Sunday newspapers.

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