Fundz

Avanti Finance Bags $24 Million From Rabobank Arm, Others

PRIVATEApr 03, 2023

Amount Raised

$24 Million

Round Type

Funding Round

BengaluruFinancial ServicesFinanceLending

Description

Avanti Finance, a tech-enabled non-banking finance company, said it has raised $24 million from Rabo Partnerships and IDH Farmfit Fund, among others. While Rabo Partnerships, a wholly owned subsidiary of the Dutch bank Rabobank Group, is focused on financial inclusion and rural development, IDH Farmfit Fund, an impact fund, is focused on smallholder farmers. Returning investors in the funding round included Oikocredit and Nandan Nilekani’s family office NRJN Trust. The funding is in line with Rabo Partnerships’ focus on providing data-driven finance solutions to smallholder farmers through local cooperatives and service providers

Quick answer

Avanti Finance raised $24 Million in a Funding Round round, dated April 3, 2023. Avanti Finance is based in Bengaluru, Karnataka, India.

How much did Avanti Finance raise?
Avanti Finance raised $24 Million in a Funding Round round on April 3, 2023.
What does Avanti Finance do?
Avanti is a digital financial inclusion platform operating under an NBFC and MFI license with a vision to make affordable financial services accessible to a 100 million unserved and underserved households.
Where is Avanti Finance based and how big is it?
Avanti Finance is based in Bengaluru, Karnataka, India.
Who are the decision-makers at Avanti Finance?
Fundz holds 1 contact at Avanti Finance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Avanti Finance that raised within 45 days of this round, from Fundz verified event records.

  • Jia raised $4.3M (Seed) on May 17, 2023.
  • Hello Alice raised $3.6M (Seed) on May 8, 2023.
  • Setscale raised $70M (Seed) on May 4, 2023.
  • Kapital raised $19M on May 3, 2023.
  • Factris raised $55M (Funding Round) on April 17, 2023.
  • Polytrade raised $3.8M (Seed) on March 30, 2023.

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Company Information

Company

Avanti Finance

Location

Bengaluru, Karnataka, India

About

Avanti is a digital financial inclusion platform operating under an NBFC and MFI license with a vision to make affordable financial services accessible to a 100 million unserved and underserved households. The company is co-founded by Mr Ratan Tata & Mr Nandan Nilekani through their philanthropy capital. For queries, please reach out to us at info@avantifinance.in.

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