This marks a significant step in the company's ongoing growth journey, taking its total NCD raise to Rs 237 crore over the last 4 months.
Focused on providing business loans to small and micro-entrepreneurs in rural and semi-urban India, the company aims to expand its outreach and boost financial inclusion.
Backed by 32 lenders, including SBI, HDFC Bank, and Kotak Mahindra Bank, Moneyboxx has raised over Rs 1,100 crore in debt to date.
Moneyboxx Finance is an NBFC engaged in the business of providing business loans to micro enterprises with a focus on impact financing. It operates in rural and semi-urban India with 163 branches spread across 12 states (Rajasthan, Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Chhattisgarh, Bihar, Gujarat, Andhra Pradesh, Karnataka, Tamil Nadu, and Telangana). It caters to the underserved small and micro entrepreneurs in essential segments (livestock, kirana, retail traders, micro-manufacturers) by extending secured and unsecured business loans from Rs 1-15 lakh.