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)
- Categories
- Coronavirus, Investing, Technology
- Tags
- impact investing, MSMEs
