Deal Highlights:
- We successfully advised Kinara on its fresh equity round led by British International Investment, the UK’s development finance institution and impact investor with investments in over 1,300 businesses and total assets of £7.7 billion, with participation from existing investors Nuveen & Triple Jump’s AMP Fund
- This equity investment will aim to propel Kinara Capital to grow 5x by 2025 and reach an AUM of INR 60,000 million by democratizing access to formal financial inclusion with its myKinara App
About Kinara Capital:
- Kinara Capital is a fast-growing fintech propelling financial inclusion of small business entrepreneurs in India
- One of the few Companies that has delivered growth, profitability & resilience despite multiple economics shocks over the past 7 years
- Kinara offers both a fully digital process with its vernacular-friendly myKinara app and doorstep customer service with 125 branches serving small business entrepreneurs across 100+ cities in India
- Powered by advanced use of AI/ML, the company’s app can process a loan application & disburse within 24-hours
- Headquartered in Bangalore, Kinara Capital is qualified as a Systemically Important NBFC by the Reserve Bank of India, Kinara Capital is a debt-listed entity on the Bombay Stock Exchange (BSE)