Arthan Finance, a leading non-banking financial company (NBFC) specializing in lending to self-employed nano and micro-entrepreneurs, has successfully raised Rs 50 crore ($6 million) in its Series B funding round. The investment was led by the Incofin India Progress Fund and the Michael and Susan Dell Foundation, marking a significant milestone in the company’s growth trajectory.
With this latest infusion of capital, Arthan Finance has now amassed a total of Rs 83 crore ($10 million) in funding. Previous rounds witnessed contributions from the founders, angel investors, and the Michael & Susan Dell Foundation, underscoring confidence in the company’s mission and potential.
The newly acquired funds will be instrumental in driving Arthan Finance’s expansion initiatives and advancing its technological capabilities. A substantial portion of the investment will be allocated towards augmenting the firm’s Assets Under Management (AUM), extending its geographical reach, and bolstering its underwriting processes through cutting-edge AI and ML-driven systems.
Established by Kunal Mehta, Arthan Finance has carved a niche as a modern lending tech NBFC catering to the unique financing needs of self-employed nano and micro-entrepreneurs. Currently operational in Maharashtra, Odisha, Andhra Pradesh, and Telangana, the company focuses on providing growth capital to enterprises in tier II, III, and IV cities.
Arthan Finance prides itself on its inclusive approach to lending, having disbursed over Rs 500 crore to more than 20,000 borrowers. Its loan offerings range from Rs 2,000 to Rs 20 lakhs, facilitating financial empowerment and fostering entrepreneurship across underserved segments of the economy.
This infusion of funds not only signifies investor confidence in Arthan Finance’s vision but also positions the company for accelerated growth and impact in the dynamic landscape of Indian finance. As it continues to leverage technology and innovation to drive financial inclusion, Arthan Finance remains poised to play a pivotal role in fueling the aspirations of India’s micro-entrepreneurial ecosystem.
