Finodaya Capital Raises $2.5 Million to Support Small Businesses
Finodaya Capital, a non-banking financial company (NBFC), has successfully raised $2.5 million in funding. The investment comes shortly after the company received its NBFC license from the Reserve Bank of India (RBI). Founded by former ICICI Bank executives Neeraj Biyani, Abhitabh Dixit, and Lokendra Tomar, Finodaya Capital aims to provide secured loans to small businesses by leveraging data analytics.
The new funding will support the company’s vision to become a fair, transparent, and customer-first NBFC. Finodaya plans to achieve this by utilizing advanced data analytics to offer tailored financial solutions to small businesses. The company’s approach focuses on providing secured loans, ensuring a more stable and secure lending environment.
Finodaya Capital’s founding team, comprising experienced professionals from ICICI Bank, brings significant expertise in the financial sector. The company’s mission is to bridge the financial gap for small businesses by offering them appropriate loan solutions.
With the newly acquired funds, Finodaya Capital is poised to expand its operations and make a meaningful impact in the small business lending space. The company’s commitment to fairness, transparency, and customer satisfaction is expected to drive its growth and success in the financial services industry.
