Bizloan Sets Ambitious Growth Plans After Securing INR 35 Cr in Series A Funding

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Tue, January 28, 2025

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Bizloan Sets Ambitious Growth Plans After Securing INR 35 Cr in Series A Funding

^{Published on 2025-01-28 06:20:48 - MSN}

The round was led by the Michael & Susan Dell Foundation and BLinC Invest, with Resurgent India serving as an advisor.

BizLoan, a fintech startup focused on providing unsecured business loans, has announced ambitious growth plans following a successful Series A funding round where it secured INR 35 crore. The funding was led by prominent investors including Accel, Chiratae Ventures, and others. The company aims to expand its operations, enhance its technology platform, and increase its market penetration in India. BizLoan plans to leverage this capital to not only scale its lending operations but also to introduce new financial products tailored for small and medium-sized enterprises (SMEs). The funding will also support the development of advanced data analytics capabilities to better assess credit risk and improve loan offerings. This move is part of BizLoan's strategy to address the significant credit gap in the MSME sector, which is often underserved by traditional banking systems.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/bizloan-sets-ambitious-growth-plans-after-securing-inr-35-cr-in-series-a-funding/ar-AA1xZlFl ]

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