3 days ago
NBFC Seeds Fincap raises Rs 50 crore funding in round led by Z47, Lok Capital
Gurugram-based non-banking financial company ( NBFC Seeds Fincap has raised Rs 50 crore in a funding round led by existing investors Z47 and Lok investors Norinchukin Capital and Alteria Capital joined the round, which has taken place ahead of the company's planned Series B Fincap focuses on providing credit to underserved micro, small, and medium enterprises ( MSMEs ) across India, using technology to reach customers and monitor its NBFC closed FY25 profitably, disbursing over Rs 1,000 crore in loans. The company manages over Rs 500 crore in assets, and has maintained non-performing assets (NPAs) consistently below 2%, according to a statement it put out. Seeds Fincap branches have reached over 50,000 borrowers, many of whom are first-time formal credit NBFC's approach is aimed at supporting financial inclusion and grassroots entrepreneurship. The company provides tailored financial solutions and credit to small businesses, with a focus on sustainable growth and promoting local economies. Anish Patil , vice president at Z47, said, 'Seeds Fincap's deep focus on tech-enabled field operations and strong hold on credit underwriting, coupled with rigorous portfolio monitoring and a diversified presence have helped deliver superlative asset quality in a testing market.'
