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The article titled "Indian SME lending platform Indifi raises $100M in Series E funding" reports that Indifi, an Indian fintech company, has raised $100 million in a Series E funding round led by National Investment and Infrastructure Fund (NIIF) and Affirma Capital. With this funding, the company plans to expand its lending operations in India, focusing on serving small and medium-sized enterprises (SMEs). This round of funding follows a $21 million funding round led by LGT Lightstone in November 2021. Founded in 2015, Indifi provides credit to SMEs across multiple sectors in India, using technology and data to assess creditworthiness and disburse loans quickly. The company has partnered with over 40 ecosystem players, including e-commerce platforms and traditional banks, to extend loans to SMEs. Indifi's CEO, Alok Mittal, stated that the company has disbursed loans worth over $750 million to date and plans to continue its growth trajectory with this latest round of funding. The article highlights the potential for growth in the Indian SME lending space, as SMEs face challenges in accessing credit from traditional financial institutions.The article discusses Indifi, an Indian fintech company that specializes in providing credit to small and medium-sized enterprises (SMEs) using technology and data to assess creditworthiness and disburse loans quickly. According to the article, Indifi has raised $100 million in a Series E funding round led by National Investment and Infrastructure Fund (NIIF) and Affirma Capital. The funding will be used to expand the company's lending operations in India and further support its mission of serving SMEs across multiple industries.
This latest funding round comes after Indifi's $21 million funding round led by LGT Lightstone in November 2021 and brings the company's total funding to date to over $200 million. Indifi CEO Alok Mittal stated that the company has already disbursed loans worth over $750 million and aims to continue its growth trajectory using this latest investment to fuel expansion plans.
The article also highlights the importance of SME lending in India, where small businesses face challenges in accessing credit from traditional financial institutions. Indifi has partnered with over 40 ecosystem players, including e-commerce platforms and traditional banks, to extend loans to SMEs and help bridge this gap. With its innovative approach to credit assessment and disbursement, Indifi is positioned to lead the Indian SME lending space and support the growth of small businesses across various sectors.The TechCrunch article reports on the recent funding round that Indifi, an Indian fintech company, has closed, raising $100 million in a Series E funding round led by NIIF and Affirma Capital. The funds will be used to expand the company's lending activities in India, focusing on small and medium-sized enterprises (SMEs) across multiple sectors. This latest funding round follows a $21 million investment led by LGT Lightstone in November 2021 and brings the company's total funding to over $200 million.
Founded in 2015, Indifi provides credit to SMEs in India using technology and data-driven approaches to assess creditworthiness and disburse loans quickly. The company has established partnerships with over 40 ecosystem players, including e-commerce platforms and traditional financial institutions, to extend loans to SMEs and help bridge the credit gap that small businesses face when accessing loans from traditional institutions.
Indifi's CEO, Alok Mittal, commented that the company has already disbursed loans worth over $750 million and aims to continue its growth trajectory with this latest funding, which will enable it to expand its lending operations and enhance its capabilities.
The article underscores the critical role of SME lending in India, given the challenges that small businesses face to access loans from traditional financial institutions. With its innovative approach to credit assessment and its demonstrated track record, Indifi is well-positioned for record-breaking growth.
Article First Published at: https://techcrunch.com/2023/06/12/indifi-series-e-funding/
