Non-Banking Finance Company, Arthan Finance Raised $6 Million In Its Series B Round. The Funding Round Had The Participation Of Various Investors Including The Michael & Susan Dell And Incofin India Progress Fund. This Angel Investor-Backed Startup Has Raised 10 Million Usd To Date. Michael & Susan Dell Is An Existing Investor Of The Firm And Has Been Investing For A Long Time.
The Startup Highlighted That This Investment Will Also Help The Startup To Grow Its Assets Under Management, Expand Its Network, And Invest In More Advanced Artificial Intelligence And Machine Learning-Based Underwriting Systems. The Founder And Director Of Arthan Finance, Kunal Mehta Said That This Funding Round Was The Crucial Step For Future Growth Of The Startup.
Image Source: Arthan.Finance
The Company Is Committed To Enhancing Technical Aspects While Serving Small And Micro Enterprises. He Added That This Partnership With The Help Of Incofin And The Michale & Susan Dell Will Help Them In The Mission To Drive Financial Inclusion Across The Country. These Fresh Proceeds Will Be Used For Market Expansion, Technological Advancement, And R&D Manufacturing. The Nbfc Also Offered A Secured And Unsecured Loan Amount For Micro, Small, And Enterprises In Tier-I, And Tier-Ii Cities. The Startup Provides Growth Capital To Small Enterprises In Backward Towns And Operates In Telangana, Andhra Pradesh, Maharashtra, And Odisha.
The Startup Claims To Have Provided A Total Loan Amount Of Rs 500 Crore To More Than 20k Borrowers. The Loan Amount Offered Varied From Rs 2,000 To Rs 20 Lakh Per Person. Kunal Mehta Said That The Growth Capital From Piramal Will Be Used For Expanding The Network And Maintaining Its Position While Advancing Its Technical Aspects. By Sealing This Investment, The Company Will Have More Advanced Technical Skills, Scale-Up, And More Innovative Ideas.
Conclusion:
Arthan Finance Is An Nbfc Company That Has Secured A $36 Million Fund In Its Series B Round. The Round Had An Investment Of $36 Million From New And Existing Investors Of The Firm Including Incofin India Progress Fund And The Michael & Susan Dell. This Non-Banking Finance Company Mentioned That This Investment Will Help Them Grow Their Aum. The Deal Was Done To Help Arthan Finance Grow Further In The Market And Strengthen Its Position. This Angel Investor-Backed Firm Has Raised A Total Of 10 Million Usd To Date. The Startup Highlighted That This Investment Will Also Help The Startup To Grow Its Assets Under Management, Expand Its Network, And Invest In More Advanced Artificial Intelligence And Machine Learning-Based Underwriting Systems. Kunal Mehta Mentioned That This Partnership With The Help Of Incofin And The Michale & Susan Dell Will Help Them In The Mission To Drive Financial Inclusion Across The Country. The Startup Provides Growth Capital To Small Enterprises Including Tier- I And Tier- Ii Cities. The Startup Has Branches In Andhra Pradesh, Telangana, Maharashtra, And Odisha. This Funding Amount Will Be Used For Market Expansion And Technological Advancement Of The Company.
