202123 Nov

[Funding alert] Indifi raises Rs 340 Cr in Series D equity and debt funding round

Summary

CX Partners and OP Finnfund Global Impact Fund I (the first Finnish global emerging markets impact fund) along with existing investors CDC Group (the UK’s development finance institution), Omidyar Network, Flourish Ventures, Elevar Equity and Accel, have invested Rs 140 crore in the Series D round of equity capital raise for Indifi Technologies, a digital financial services company based in Gurugram. Additionally, US DFC (United States International Development Finance Corporation) has guaranteed Rs 35 crore of funding to Indifi. Indifi operates an online lending platform that offers business loans to micro, small and medium enterprises (MSMEs) that have limited access to credit from financial institutions. We are convinced that Indifi as a forerunner in India will improve the business possibilities of the MSME sector,” stated Tuomas Virtala, Head of Asset Management at OP Corporate Bank. According to Kuutti Kilpeläinen, Investment Manager, Finnfund, “We have long experience with fintech companies, and we see that Indifi fills a market gap.

Source: Yourstory

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