March 16

Indifi Secures $5 Million Debt Funding From IndusInd Bank

Gurugram-based online lending platform Indifi Technologies—enabling credit for small businesses—on Monday announced $5 million debt financing from IndusInd Bank Ltd, with a guaranty from US International Development Finance Corporation (DFC).

These funds are deployed through term loans from IndusInd Bank’s impact investing group to Riviera Investors Private Limited which is Indifi’s in-house non-banking financial company (NBFC) arm.

These funds will be used for onward lending to small businesses to accelerate post-COVID economic recovery.

Photo courtesy of kabita Darlami.

Source: Entrepreneur India (link opens in a new window)

Coronavirus, Investing, Technology
impact investing, MSMEs