LivFin India Private Limited, situated in Delhi, has raised $2 million in venture loan from BlackSoil, a significant NBFC and notable credit player.
Livfin, a Delhi-based fintech NBFC, has been providing supply chain finance to mid-to-large corporations since January 2018, by setting up programmes to lend to their suppliers/vendors and distributors/dealers/retailers using a ‘Anchor’-based financing model.
Rahul Chander, LivFin CEO said, “We are delighted to partner with BlackSoil who have validated our processes that leverage technology to distribute credit and look forward to strengthening our relationship further with the years to come.”