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Finodaya Capital forms partnership with White Venture Capital for $2.5 Mn seed round

Apr 21, 2025•about 1 year ago

Contract Type

partnership

Madhya PradeshFinancial ServicesFinanceFintechLendingBanking

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.

Company Information

Company

Finodaya Capital

Location

Madhya Pradesh, India

About

Finodaya Capital is a Madhya Pradesh-based non-banking financial company (NBFC) focused on providing micro loans against property to small businesses and micro enterprises across India. The company operates on a hybrid model that combines digital infrastructure with on-ground presence to underwrite and disburse loans. Founded by former ICICI Bank executives, it aims to help underserved enterprises break the cycle of high-cost borrowing and transition into the formal financial system.

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Based on industry data
Strategic partnership established
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