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Seeds Fincap Pvt. Ltd raised $8.5M in Series A funding led by Lok Capital and Matrix Partners India to expand lending capabilities and technological infrastructure.

Jul 17, 2024over 1 year ago

Amount Raised

$8.5 Million

Round Type

series a

GurugramBankingLendingFinanceFinancial Services

Investors

Matrix Partners IndiaLok Capital

Description

Seeds Fincap, a non-banking financial company (NBFC) founded in 2021, has secured $8.5 million in Series A funding. The funds will enable the company to expand its lending capabilities, enhance its technological infrastructure, and broaden its branch footprint.

Company Information

Company

Seeds Fincap Pvt. Ltd

Location

Gurugram, Haryana, India

About

Seeds Fincap is a non-banking financial company (NBFC) founded in 2021, that specializes in offering secured and unsecured loans tailored to the needs of MSMEs across sectors like manufacturing and trading. With a network spanning 90 branches across eight states, the Gurugram-based firm has disbursed over Rs 600 crore to more than 50,000 clients.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers