Moneyboxx Finance Raises INR 500 Million via NCDs, Total INR 2.37 Billion in 4 Months

Moneyboxx Finance Limited, a BSE-listed Non-Banking Finance Company, has raised INR 500 million via Non-Convertible Debentures (NCDs). This comes after the company raised INR 1.87 billion via NCDs in the preceding 4 months, bringing the total to INR 2.37 billion. The company, which focuses on impact financing for small and micro entrepreneurs in rural and semi-urban India, is supported by 32 lenders including State Bank of India, HDFC Bank, and Kotak Mahindra Bank. It has raised over INR 11 billion debt to date. The increased debt capital will enable the company to enhance outreach and impact in rural and semi-urban India.