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Business Nextgen Finance secures Rs 215 crore from Beams Fintech Fund, Baring Private Equity India, and others for MSME lending expansion.
PRIVATESep 04, 2026•4 days ago
Amount Raised
₹2.15 Billion
Round Type
Private Equity
MumbaiFinancial ServicesFinanceFintechLending
Investors
UnleashSaison Capital Pte.Baring Private Equity IndiaBeams Fintech Fund
Description
Business Nextgen Finance Private Limited (BNF), a new-age NBFC focused on secured lending to MSMEs, has secured Rs 215 crore in equity investment led by Beams Fintech Fund alongside Baring Private Equity India, Saison Capital Pte., and UNLEASH. Beams Fintech Fund and its affiliates will collectively hold more than 26% of BNF's paid-up equity share capital on a fully diluted basis. The investment strengthens BNF's capital base as it scales its technology-led secured lending platform and expands into underserved MSME markets. The transaction has received prior approval from the Reserve Bank of India (RBI).
Company Information
Company
Business Nextgen Finance Private Limited
Location
Mumbai, Maharashtra, India
About
Business Nextgen Finance Private Limited (BNF) is a Non-Banking Financial Company focused on providing secured credit to Micro, Small and Medium Enterprises (MSMEs). Founded by Pankaj Poddar, BNF aims to build a technology-led MSME lending platform. The company received its RBI Certificate of Registration in September 2025. BNF is dedicated to serving underserved and under-penetrated markets within the MSME sector.
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MumbaiFinancial ServicesFinanceFintechLending