MSME fintech Kinara Capital bags Rs 380 Cr in equity, led by...| MENAFN.COM

Friday, 09 December 2022 08:43 GMT

MSME fintech Kinara Capital bags Rs 380 Cr in equity, led by Nuveen


(MENAFN- KNN India) MSME fintech Kinara Capital bags Rs 380 Cr in equity, led by Nuveen

New Delhi, April 20 (KNN) Kinara Capital, a MSME fintech, closed a fresh equity round of Rs 380 crores led by Nuveen, a global investment manager with over USD 1.3 trillion of assets under management.

This new equity investment will lead to Kinara's expansion of products and services to meet the rapidly increasing MSME credit demand in India. 



Kinara Capital aims to grow by 500% by 2025 with plans to disburse Rs 10,000 crores of MSME business loans in the next three years.

Hardika Shah, Founder & CEO, Kinara Capital, said,“This is a true attestation of our sustainable business model and the vast MSME market opportunity ahead of us. This fresh equity round will energize us to scale faster so that we can continue doing what we do best, which is to bring more small business entrepreneurs into the fold of financial inclusion”. 

This round of equity financing for Kinara Capital comes from Nuveen's Global Impact Fund which focuses on transformative companies' impact value chains for low-income consumers and from the ASN Microkredietfonds, a listed and regulated Dutch microfinance fund advised by Triple Jump. (KNN Bureau)

MENAFN20042022000155011030ID1104061046


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.