Existing investors CDC Group, CX Partners, and OP Finnfund Global Impact Fund I (the first Finnish global developing markets impact fund).
Indifi has also secured debt funding worth Rs 165 crore from Vivriti, Northern Arc, SIDBI, and other lenders. Indifi has also been guaranteed Rs 35 crore in finance from the US DFC (United States International Development Finance Corporation).
Indifi is an online lending platform that provides business loans to micro, small, and medium-sized firms (MSMEs) with restricted access to bank credit. Travel, hotel, ecommerce, restaurant, trading, and retail firms can apply for customised loans through the startup.
Alok Mittal, CEO and Co-founder, Indifi, said, “Although India is home to numerous MSMEs, most of them lack access to funding. At Indifi, we address this problem by working closely with more than 100 data partners and a few top financial institutions, providing easily accessible loans digitally, and helping businesses grow in their journey. For example, our recent collaboration with Facebook digitally enables MSME players to avail small ticket size loans to grow their businesses.”