Gurugram-Based Lending Platform Indifi Raises $5M In Debt Financing
Gurugram-based online lending platform Indifi Technologies has raised Rs 35 crore in debt financing from IndusInd Bank Ltd, with a guarantee from US International Development Finance Corporation (DFC).
Indifi Technologies said these funds were deployed from IndusInd bank’s impact investing group to Riviera Investors Private Limited, which is Indifi’s in-house NBFC arm.
As per the startup, the raised funds will be used for onward lending to small businesses (MSMEs) to accelerate post-COVID economic recovery.
Started by Siddharth Mahanot and Alok Mittal, Indifi is a Gurugram-based online lending platform enabling credit for small businesses.
It is a technology platform that gathers and analyses data of businesses from various sources and draws insights to judge their creditworthiness.
Speaking on the funding, Siddharth Mahanot, Co-founder and COO of Indifi Technologies, said,
“We are extremely thankful today to the US International Development Finance Corporation (DFC) and Indusind Bank for this facility, which comes to us at the right time and helps us in our goal of extending debt financing to underserved MSMEs recovering from the COVID impact.”
The lending platform claims that it has disbursed 30,000+ loans across 12+ industries since its inception, actively leveraging its extensive network of 20+ lenders, including its in-house NFBC Riviera and 80+ partners.
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