Arthan Finance secured Rs 50 Cr in Series B funding from Incofin and Dell Foundation to grow assets and expand reach
Jun 10, 2024•about 1 year ago
Amount Raised
₹5 Billion
Round Type
series b
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers