Moneyboxx Finance raises Rs 25 crore from slew of NBFCs, small finance banks

25 Mar 2021 Evaluate

Moneyboxx Finance has raised Rs 25 crore in debt from a slew of lenders - mostly non-banking finance companies (NBFCs) and small finance banks since January 2021. As many as nine new lenders including AU Small Finance Bank, Hinduja Finance, Ambit Finance, InCred Financial, UC Inclusive Credit, Profectus Capital, Capri Global and others have reposed faith in Moneyboxx Finance by providing debt support to the company.

The company plans to utilize the proceeds to support its disbursement target in the current and upcoming financial. It will also utilize the proceeds to undertake ‘Impact Funding’, thus benefitting the society at large.

Earlier this fiscal, Moneyboxx Finance has raised debt of Rs 20 crore from three NBFCs. With this MBFL has been able to diversify its borrowing profile by adding twelve new lenders in this fiscal year, thus taking its total lender count to Fourteen. The company also plans to raise over Rs 200 crore in 2021-22 with a mix of debt and equity financing.

Moneyboxx Finance is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.

Moneyboxx Finance Share Price

258.15 -1.45 (-0.56%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6836.60
Shriram Finance 2871.75
Aditya Birla Capital 186.20
SBI Cards AndPayment 687.35
Mah & Mah Finl. Serv 266.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.