Emerald Finance Raises ₹10 Cr Term Loan from ICICI Bank
Emerald Finance Ltd has secured a Term Loan of ₹10,00,00,000 from ICICI Bank Limited. These funds are earmarked for business expansion, specifically for onward lending activities and the Company's Earned Wage Access (EWA) Program. This new facility diversifies the company's banking relationships, adding ICICI Bank to its existing ties with State Bank of India. Emerald Finance anticipates this will strengthen its funding profile, enhance scalability, and support continued growth in its lending business.
Key Highlights
- Secured ₹10 Cr Term Loan from ICICI Bank for business expansion.
- Funds will support onward lending and Earned Wage Access (EWA) Program.
- Diversifies banking relationships with major public and private sector banks.
- Aims to strengthen funding profile and operational scalability.
- Expected to support continued growth in the lending business.
Price Impact
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