India’s non-bank lender True Credits has received a $75 million investment from global private investment firm Community Investment Management (CIM). The funding aims to strengthen True Credits’ lending operations, expand financial inclusion, and support underserved communities by enhancing access to affordable credit solutions across India.
True Credits, a leading non-bank financial company in India, has announced a major milestone with a $75 million investment from Community Investment Management. The partnership is expected to accelerate the company’s mission of expanding credit access to underserved populations, reinforcing its role in India’s growing fintech and lending ecosystem.
Key highlights from the announcement include
-
True Credits secured $75 million from Community Investment Management, a U.S.-based private investment firm.
-
The funding will be used to expand lending operations and strengthen financial inclusion initiatives.
-
True Credits focuses on providing affordable credit solutions to underserved communities across India.
-
The investment reflects CIM’s commitment to supporting innovative financial institutions in emerging markets.
-
Industry experts note that the deal underscores growing investor confidence in India’s non-bank lending sector.
-
The partnership is expected to enhance True Credits’ ability to scale operations and reach more borrowers.
This investment marks a significant step for True Credits, positioning it to play a larger role in bridging India’s credit gap. By leveraging CIM’s global expertise and capital, the company aims to expand its footprint and deliver impactful financial solutions to millions of underserved individuals.
Sources: BusinessWorld Online, Fintech News Philippines, Back End News