arthan finance

Arthan Finance raises Rs 50 Cr in funding in Series B round

arthan finance

Arthan Finance a Non-banking financial company (NBFC) has raised Rs 50 crore ($6 million) from investors such as Incofin India Progress Fund and the Michael and Susan Dell Foundation.

Till Now, Arthan Finance has raised Rs 83 crore in funding ($10 million). Previous funding rounds saw participation from the founders, angel investors, and the Michael & Susan Dell Foundation.

This funding  will be used to boost the firm’s expansion and technological progress. This will also help Arthan Finance grow its Assets Under Management (AUM), expand its geographic footprint, and invest in advanced AI and ML-based underwriting systems, the company said this in a press release.