+
Techfino Raises Rs 650 Mn to Boost MSME Lending
ECONOMY & POLICY

Techfino Raises Rs 650 Mn to Boost MSME Lending

Techfino, a technology-enabled non-banking financial company (NBFC), has raised Rs 650 million in funding from Stellaris Venture Partners and Saison Capital, the venture arm of Tokyo-listed Credit Saison. The fresh capital will be used to expand Techfino’s branch footprint, strengthen its technology platform, and scale its secured lending operations, particularly targeting micro, small, and medium enterprises (MSMEs).

The company currently provides Loan Against Property (LAP) to MSMEs in Tier II and Tier III cities through a branch-led distribution model across Karnataka, Gujarat, Madhya Pradesh, and Andhra Pradesh. It also operates in the education finance space using a B2B2C model, collaborating with education service providers.

Founded in 2019 by Jayaprakash Patra (formerly of ICICI Bank and ING), Rajesh Panda (ex-Standard Chartered), and Ratikant Satapathy (ex-Bajaj Finance), Techfino offers MSME loans with average ticket sizes ranging from Rs 800,000 to Rs 1.2 million.

Commenting on the funding, Co-founder Rajesh Panda said, “Of the 64 million registered MSMEs in India, nearly 39 million are excluded from the formal credit ecosystem. This underserved segment, particularly in rural and semi-urban areas, is estimated to generate a quarterly credit demand of Rs 2 trillion. With limited participation from banks and large NBFCs, we are leveraging our risk expertise, in-house collections, and strong technology backbone to fill this gap.”

Fellow Co-founder Ratikant Satapathy added, “Our internally developed tech platform integrates with various external APIs, allowing real-time data access and verification. This has enhanced our underwriting process, improved efficiency, and significantly reduced turnaround time.”

To date, Techfino has disbursed over 100,000 loans and surpassed Rs 2 billion in assets under management (AUM). The company now plans to double its branch network in 2025, accelerate disbursements, and build a strong secured lending portfolio over the next three to five years.


Techfino, a technology-enabled non-banking financial company (NBFC), has raised Rs 650 million in funding from Stellaris Venture Partners and Saison Capital, the venture arm of Tokyo-listed Credit Saison. The fresh capital will be used to expand Techfino’s branch footprint, strengthen its technology platform, and scale its secured lending operations, particularly targeting micro, small, and medium enterprises (MSMEs).The company currently provides Loan Against Property (LAP) to MSMEs in Tier II and Tier III cities through a branch-led distribution model across Karnataka, Gujarat, Madhya Pradesh, and Andhra Pradesh. It also operates in the education finance space using a B2B2C model, collaborating with education service providers.Founded in 2019 by Jayaprakash Patra (formerly of ICICI Bank and ING), Rajesh Panda (ex-Standard Chartered), and Ratikant Satapathy (ex-Bajaj Finance), Techfino offers MSME loans with average ticket sizes ranging from Rs 800,000 to Rs 1.2 million.Commenting on the funding, Co-founder Rajesh Panda said, “Of the 64 million registered MSMEs in India, nearly 39 million are excluded from the formal credit ecosystem. This underserved segment, particularly in rural and semi-urban areas, is estimated to generate a quarterly credit demand of Rs 2 trillion. With limited participation from banks and large NBFCs, we are leveraging our risk expertise, in-house collections, and strong technology backbone to fill this gap.”Fellow Co-founder Ratikant Satapathy added, “Our internally developed tech platform integrates with various external APIs, allowing real-time data access and verification. This has enhanced our underwriting process, improved efficiency, and significantly reduced turnaround time.”To date, Techfino has disbursed over 100,000 loans and surpassed Rs 2 billion in assets under management (AUM). The company now plans to double its branch network in 2025, accelerate disbursements, and build a strong secured lending portfolio over the next three to five years.

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Next Story
Real Estate

India’s Tier 2 & 3 Cities: The Next Growth Frontier for Real Estate

Introduction India’s metropolitan cities have long dominated the real estate landscape, shaping both market trends and public discourse, but the narrative is shifting towards India’s tier 2 and 3 cities. Beyond the metro cities, Tier 2 and Tier 3 cities such as Indore, Ahmedabad, Chandigarh, Jaipur, Coimbatore, Lucknow, Bhubaneswar, Kochi, Surat, Guwahati, and many others are emerging as vibrant real estate hubs. This growth is driven by impetus from rapid urbanisation, logistics corridors like the Delhi Mumbai Industrial Corridor, IT/ITeS investment zones, emergence of global capabil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?