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Financial Services Firm Finova Capital Bags $65 Million In Funding From Norwest, Others

Mar 31, 2022•over 3 years ago

Amount Raised

$65 Million

San Diego

Description

Mumbai: Non-banking financial company Finova Capital has raised $65 million from Norwest Venture Partners, Maj Invest and Faering Capital, a senior company official said. The micro, small and medium enterprises or MSME-focused lender will use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale.

Company Information

Company

Finova Capital

Location

San Diego, California, United States

About

Finova Capital is a new kind of merchant finance partner. The company is backed by decades of experience and is dedicated to transparency and acquirer growth. Founded in New Jersey by best-in-industry merchant finance experts and powered by retention-focused products and acquirer-enabling technology, Finova is quickly building relationships where acquirers and merchants all win. To learn more, visit https://www.FinovaCapital.com. About National Funding, Inc. Founded in 1999, National Funding is a leading U.S. specialty finance company serving small- and medium-sized businesses. The Company’s foundation serves American small business owners by providing funding solutions to meet their needs to reinvest in their day-to-day operations and help them grow. National Funding has provided more than $4.5 billion in working capital and equipment leasing for more than 80,000 small- to medium-sized businesses nationwide. In addition, National Funding’s digital funding process has elevated its digital capabilities by delivering a fast and simple online application. For more information about National Funding, visit https://www.nationalfunding.com.

Funding Insights

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