Seeds Fincap, a prominent Non-Banking Financial Company (NBFC) based in Gurugram, has successfully raised over $8.5 million in its latest Series A funding round. The funding was led by Lok Capital and Z47 (formerly known as Matrix Partners India).
This infusion of capital is intended to bolster Seeds Fincap’s lending capabilities, enhance its technological infrastructure, and expand its branch network across key regions. The company aims to cater to the financial requirements of medium and small business owners through tailored credit products.
Founded in 2021 by Subhash Acharya and Avishek Sarkar, Seeds Fincap has rapidly scaled its operations, establishing a network of 90 branches across 8 states, with a significant presence in states like UP, Bihar, Rajasthan, and Haryana. The NBFC specializes in offering secured and unsecured loans ranging from Rs 1-5 lakhs to MSMEs, leveraging a robust credit assessment framework that evaluates cash flows to provide competitively priced loans.
Over the past three years, Seeds Fincap has disbursed over Rs 600 crore in loans, serving more than 50,000 customers and growing its loan book to over Rs 330 crore. The company has also cultivated a diverse liability base, partnering with over 35 lending institutions including AU Small Finance Bank, Tata Capital, IDFC Bank, Yes Bank, and Vivriti Capital.
The rebranding of Matrix Partners India to Z47 underscores its strategic alignment with its global operations, maintaining a strong foothold in early-stage venture capital with headquarters in both Boston and San Francisco.
Seeds Fincap’s latest funding round not only validates its growth trajectory but also positions the company strongly to further empower MSMEs across India with essential financial support tailored to their needs.
