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Techfino raises ₹65 crore to expand MSME lending in smaller cities
Peerzada Abrar New Delhi
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Techfino, a tech-enabled non-banking financial company, has raised ₹65 crore in a funding round led by Stellaris Venture Partners and Saison Capital, the venture investment arm of Tokyo-listed Credit Saison Co.
The Bengaluru-based lender said it will use the fresh capital to broaden its branch network, enhance its technology infrastructure and scale its secured lending operations. There is also a focus on micro, small and medium enterprises (MSMEs) in India's underserved Tier II and III cities.
Founded with an emphasis on asset-backed lending, Techfino specialises in loans against property (LAP), operating primarily through a branch-led model. The company currently maintains
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