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Finodaya Capital forms partnership with White Venture Capital for $2.5 Mn seed round
Contract Type
partnership
Description
Madhya Pradesh-based non-banking financial company Finodaya Capital has secured $2.5 million in a seed round led by White Venture Capital. The funding aims to facilitate credit underwriting and disbursal for microloans against property to small businesses and microenterprises across India. The company also plans to open 15 branches in Madhya Pradesh and disburse loans worth Rs 50–100 crore by 2026.