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Arthan Finance secured Rs 50 Cr in Series B funding from Incofin and Dell Foundation to grow assets and expand reach

Jun 10, 2024about 1 year ago

Amount Raised

₹5 Billion

Round Type

series b

MumbaiFinancial ServicesSoftware

Investors

Michael & Susan Dell FoundationIncofin India Progress Fund

Description

Arthan Finance, an NBFC focused on loans for self-employed nano and micro entrepreneurs, has secured Rs 50 crore in Series B funding from Incofin India Progress Fund and the Michael & Susan Dell Foundation. The funding will be used to grow its assets under management, expand its geographic footprint, and invest in AI and ML-based underwriting systems.

Company Information

Company

Arthan Finance

Location

Mumbai, Maharashtra, India

About

Arthan Finance is a new age LendingTech, endeavours to transform Small Businesses through AI & Deep Learning based customised "Fit to Purpose" financial products and help them rise above.

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Funding Insights

Based on industry data
VC-backed spending patterns
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