Bizloan, a non-banking finance company (NBFC) focused on providing credit solutions for small businesses, has raised ₹35 crore ($4.16 million) in a Series A funding round co-led by the Michael & Susan Dell Foundation and BLinC Invest.
The fresh capital will be utilized to expand Bizloan’s presence in underserved regions, enhance its range of loan products, and invest in technology to streamline its lending operations, the company announced in a press release.
Founded in 2016 by Rahul Jain, Abhishek Mishra, and Vikram Diwan, Bizloan is an RBI-registered NBFC-Type 2 entity dedicated to empowering India’s 5.5 crore MSMEs with accessible and timely financial solutions. The company aims to serve more than 2,500 micro and nano enterprises over the next year, particularly in areas where traditional financing options remain limited.
So far, Bizloan has disbursed approximately ₹774 crore in loans through its 26 branches, supporting over 3,000 entrepreneurs across Haryana, Uttar Pradesh, NCR, Karnataka, and Rajasthan. It employs the ABC (Asset, Behaviour, Cashflow) methodology to assess borrowers, many of whom come from informal income backgrounds or are new to credit.
As it scales, Bizloan plans to introduce new financial products and further bridge funding gaps for unorganized MSMEs, fostering growth within India’s entrepreneurial ecosystem. The company competes with players like Aye Finance, Finova Capital, NBFC Varthana, and Save Solutions in the SME lending space.
