Moneyboxx Finance Secures ₹132 Crore Fresh Funding to Boost Rural Lending

Moneyboxx Finance Limited has strengthened its funding base by raising ₹132 crore through multiple lending partners. The NBFC secured ₹82 crore from existing partners and an additional ₹50 crore term loan from new lending partners. This fresh capital infusion follows their recent equity raise of ₹176 crore in September 2024. The company, which operates 123 branches across 11 states, focuses on providing business loans to micro-entrepreneurs, particularly targeting women borrowers who comprise 58% of their 1.6 lakh customer base. This funding will support their target of reaching ₹2,500 crore AUM by FY26.

Source: Business Standard