Arthan Finance secures Rs 50 crore Series B funding from Incofin India Progress Fund and Michael & Susan Dell Foundation.
Arthan Finance, an NBFC offering loans to micro and nano entrepreneurs, secures Rs 50 crore in Series B funding from Incofin India Progress Fund and Michael & Susan Dell Foundation. The funds will be used to expand assets under management, grow geographic reach, and develop AI/ML-based underwriting systems. Arthan operates in Maharashtra, Odisha, Andhra Pradesh, and Telangana, and has disbursed over Rs 500 crore to 20,000+ borrowers.
June 10, 2024
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