NBFC Avanti Finance Nets $14.2 Mn To Expand Loan Book

Avanti Finance, an NBFC, has raised $14.2 million to expand its loan book and reach underserved segments. The funds raised will help the company diversify its offerings and provide access to financial products for individuals and small businesses that have limited access to traditional banking services. Avanti Finance focuses on offering credit solutions to low-income families and small enterprises, aiming to bridge the financial inclusion gap in India. This investment round marks a significant step in the company's growth trajectory, enabling it to scale operations and enhance its portfolio. The company plans to leverage technology and data analytics to better assess creditworthiness and provide tailored financial products to its target audience, while continuing to promote financial inclusion in the country.