<ul data-eligibleForWebStory="false"><li>Bengaluru-based NBFC InPrime Finserv has raised $6 Mn in its Series A1 round led by Pravega Ventures with participation from existing investors.</li><li>InPrime plans to expand beyond metro cities to target aspirational customers with stable incomes like micro and nano entrepreneurs, self-employed professionals, small retailers, and those in farming or allied sectors.</li><li>The NBFC offers collateral-free business loans ranging from INR 50,000 to INR 3 Lakh with a fixed rate of interest of 25% per annum and received an NBFC license from the RBI in April 2023.</li><li>As part of the growing trend, more Indian startups are applying for NBFC licenses, with the domestic fintech market expected to reach $2.1 Tn by 2030, lending tech projected to dominate.</li></ul>

NBFC InPrime Bags $3 Mn From InfoEdge, Others To Grow Beyond Indian Metros

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