Moneyboxx Finance Raises ₹500 Million via NCDs to Fuel Rural Lending Growth

Image Source: Startup Story

Moneyboxx Finance Ltd has successfully raised ₹500 million through the issuance of non-convertible debentures (NCDs), further strengthening its ability to provide credit to micro and small businesses in rural and semi-urban India.

Key Highlights:

Fundraising Details: The company completed a ₹500 million NCD issue as part of its ongoing efforts to diversify funding sources and support its expanding loan book. This is among the largest single NCD raises for Moneyboxx, building on its recent record fundraising in FY25.
Purpose of Funds: The fresh capital will be used to expand lending operations, particularly targeting micro-entrepreneurs and small businesses in tier III and below cities. Moneyboxx’s business model focuses on financial inclusion, offering business loans from ₹1 lakh to ₹10 lakh in underbanked regions.
Growth and Expansion: Moneyboxx has rapidly scaled up, now boasting 162 branches across 12 states, with a strong presence in both North and South India. Its assets under management (AUM) stood at ₹837 crore as of December 2024, with a goal to double this figure by FY26.
Credit Profile: The company holds a CRISIL BBB/Stable rating, reflecting its comfortable capital position, growing secured loan book, and experienced management team. Recent quarters have seen a shift toward more secured lending, now making up 38% of the portfolio.
Investor Confidence: The NCD issue follows recent equity infusions and strategic partnerships, with strong backing from 33 lenders, including major banks and financial institutions.
Impact: Moneyboxx has disbursed over ₹1,600 crore in loans to date, empowering more than 1.8 lakh borrowers—over half of whom are women and many new to credit.