Lending start-up Indifi raises $5M in debt financing

Lending start-up Indifi raises $5M in debt financing

Gurugram-based lending startup Indifi Technologies that offers online lending platform enabling credit for small businesses, on Monday stated that it had raised Rs 35 crore in debt financing from private lender IndusInd Bank Ltd, with a guarantee from US International Development Finance Corporation (DFC).

The startup stated that these funds were positioned from IndusInd bank’s impact investing wing to Riviera Investors Private Limited, which is Indifi’s in-house NBFC subsidiary. The funds that are raised will be utilized for boosting the lending to small businesses (MSMEs) and step up the post-pandemic economic recovery, said the company.

Siddharth Mahanot, Co-founder and COO, Indifi Technologies, said,  “We are extremely thankful today to the US International Development Finance Corporation (DFC) and Indusind Bank for this facility, which comes to us at the right time and helps us in our goal of extending debt financing to underserved MSMEs recovering from the COVID impact.”

Also Read: Indifi Technologies appoints Sangram Singh as its President

The start-up recently appointed former IndusInd Bank executive Aditya Harkauli as its first chief business officer.

Indifi was founded in 2015.

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