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India: Small business lender Kinara Capital raises $50m in fresh funding

Business News | Fintech Kinara Capital Secures INR 380 Cr in Equity, Led by Nuveen

Get latest articles and stories on Business at LatestLY. Kinara Capital, India s fast-growing MSME fintech, closed a fresh equity round of INR 380 crores led by Nuveen, a leading global investment manager with over USD 1.3 trillion of assets under management, with participation from Triple Jump, a Dutch impact-focused investment manager advising the ASN Microkredietfonds. This new equity investment will lead to Kinara s expansion of products and services to meet the rapidly increasing MSME credit demand in India. Kinara Capital aims to grow by 500 per cent by 2025 with plans to disburse INR 10,000 crores of MSME business loans in the next three years. Business News | Fintech Kinara Capital Secures INR 380 Cr in Equity, Led by Nuveen.

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