Arthan Finance secured Rs 50 Cr in Series B funding from Incofin and Dell Foundation to grow assets and expand reach
Amount Raised
₹500 Million
Round Type
Series B
MumbaiOtherFinancial ServicesSoftwareInvestors
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.
Quick answer
Arthan Finance raised ₹500 Million in a Series B round, dated June 10, 2024. Investors: Michael & Susan Dell Foundation and Incofin India Progress Fund. Arthan Finance is based in Mumbai, Maharashtra, India.
- How much did Arthan Finance raise?
- Arthan Finance raised ₹500 Million in a Series B round on June 10, 2024.
- Who invested in Arthan Finance?
- Michael & Susan Dell Foundation and Incofin India Progress Fund are named as investors in this round.
- What does Arthan Finance do?
- Arthan Finance is a new age LendingTech, endeavours to transform Small Businesses through AI & Deep Learning based customised "Fit to Purpose" financial products and help them rise above.
- Where is Arthan Finance based and how big is it?
- Arthan Finance is based in Mumbai, Maharashtra, India.
- Who are the decision-makers at Arthan Finance?
- Fundz holds 1 contact at Arthan Finance. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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