Kinara Capital Secures USD 10 Million from IndusInd Bank with 100 Percent Guaranty from U.S. International Development Finance Corporation (DFC) ...Middle East

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Kinara Capital Secures USD 10 Million from IndusInd Bank with 100 Percent Guaranty from U.S. International Development Finance Corporation (DFC)
source : Devdiscourse ( Middle East ) () 19
Combined Debt & Equity Round of INR 100 Crores to Accelerate MSME Financial Inclusion Bangalore, Karnataka, India – Business Wire India Kinara Capital, a socially responsible fintech, today announced securing USD $10 million (INR 74 crores) from IndusInd Bank with a 100% guaranty from the U.S. International Development Finance Corporation (DFC). This is a part of a debt and equity round of INR 100 crores, with equity contribution coming from Kinara’s existing investors – Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation (MSDF), and Patamar Capital. This investment will be utilized by Kinara Capital towards the expansion of MSME financial inclusion across m

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