Namdev Finvest secures $37M to enhance MSME lending in rural India via global financiers like FMO. The funds aim to support women entrepreneurs and small businesses.
Amount Raised
$37 Million
Round Type
Debt Financing
JaipurFinancial ServicesFinanceFintechLendingBankingInvestors
Description
Namdev Finvest Private Limited has raised $37 million through non-convertible debentures and commercial borrowings. This funding will expand its MSME lending operations in underserved rural areas of India. The investment aims to enhance financial access for small businesses and women entrepreneurs. The participation of international and domestic investors underscores the confidence in the company's growth trajectory.
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