Women-led Kinara Capital raises Rs 200 cr to empower MSMEs in India indianewengland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianewengland.com Daily Mail and Mail on Sunday newspapers.
Mumbai (Maharashtra) [India], October 29 (ANI/NewsVoir): Kinara Capital, a fast-growing fintech for India s small business entrepreneurs, today announced closing a fresh equity round of Rs ~200 crores led by British International Investment (BII), the UK s development finance institution and impact investor.
Kinara Capital, that offers offers unsecured business loans for MSMEs, on Friday said it has raised Rs 200 crore led by British International Investment (BII), the UK's development finance institution and impact investor.Existing equity .
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.