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Techfino Bags INR 65 Cr To Offer Loans To MSMEs

  • Techfino, an NBFC, raises INR 65 Cr from Stellaris Venture Partners and Saison Capital.
  • The funding will be used to expand branch network, strengthen tech stack, and scale up operations.
  • Techfino leverages a robust technology platform for underwriting with external APIs.
  • Founded in 2019, Techfino offers financial assistance to MSMEs, focusing on Tier II and III cities.
  • It provides loans against property, education loans, and operates in multiple states.
  • The company claims to have disbursed over 1 Lakh loans and surpassed INR 200 crore in AUM.
  • Indian NBFCs have been attracting investments, with Flexiloans and Bizloan securing funds recently.
  • Fintech giants like Jio, MobiKwik, Flipkart, and Spinny are also expanding their NBFC arms.
  • Spinny, Vayana, and Kuhoo have received NBFC licences from the central bank.

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