Moneyboxx Finance, an impact lender specializing in small business loans for micro-entrepreneurs, reported a significant turnaround in profitability for FY24. The company achieved a net profit of INR 9.14 crore, a stark contrast to the net loss of INR 6.80 crore in FY23. Moneyboxx experienced a remarkable 112% growth in Assets Under Management (AUM), reaching … Read more
Moneyboxx Finance Limited- a BSE-listed NBFC that provides small-ticket business loans to micro entrepreneurs in Tier-III cities and below, secured INR 50 crores term loan from SBI for a period of 4 years. The company will utilize the funds for onward lending to the micro-entrepreneurs in the agricultural and allied sectors. This loan from SBI, along with … Read more
Moneyboxx Finance Limited (Moneyboxx), a BSE-listed non-banking finance company that provides small-ticket loans to micro and small businesses in Tier-III towns and below, received INR 14.41 crores in equity capital from non-promoter investors through a private placement. Given the large unmet credit gap for micro enterprises, the company has improved its financial position with this … Read more
