April 12

Avanti Finance Raises $26 Million in Series A and Debt Funding Round Co-Led By Oikocredit and Nomura

Bengaluru-based technology-led NBFC Avanti Finance, focused on financial inclusion, announced on Wednesday to have raised $26 million in debt and equity from Oikocredit, Nomura, and the Bill & Melinda Gates Foundation. Technopreneur-cum-philanthropist Pratul Shroff and existing investor NRJN Trust also participated in the round.

The platform will use the funds to strengthen its platform and expand its presence to accelerate livelihood’s purpose credit and other financial products to the next 100 million unserved and underserved households in India.

Photo courtesy of Institute for Money, Technology and Financial Inclusion

Source: Entrepreneur (link opens in a new window)

accelerators, financial inclusion, fintech, impact investing