Bizloan bags ?35 crore in Series A funding, to expand technology and branch network

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Bizloan bags ?35 crore in Series A funding, to expand technology and branch network

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Bizloan bags ?35 crore in Series A funding, to expand technology and branch network

//business-finance.news-articles.net/content/202 .. ing-to-expand-technology-and-branch-network.html

Published in Business and Finance on Monday, February 10th 2025 at 17:40 GMT by cnbctv18

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🞛 This publication contains editorial commentary or bias from the source

Bizloan, a non-banking finance company (NBFC) for small and mid-sized firms, landed an investment of â‚¹35 crore in a Series A funding round. The round was co led by the Michael and Susan Dell Foundation and Blinc Invest.

2025-02-10 217 x 130 / 6957 Bytes

BizLoan, a fintech startup focused on providing business loans, has successfully raised $5 million in its Series A funding round. The investment was led by a consortium of investors including prominent venture capital firms and angel investors. The funds will be utilized to enhance BizLoan's technology infrastructure, expand its branch network across India, and develop new financial products tailored for small and medium-sized enterprises (SMEs). This expansion aims to address the credit gap in the SME sector by offering quicker loan processing and disbursement through advanced tech solutions. Additionally, BizLoan plans to leverage AI and machine learning to improve risk assessment and customer service, thereby fostering financial inclusion and supporting the growth of businesses in less urbanized areas.

Read the Full CNBCTV18 Article at:
[ https://www.cnbctv18.com/business/startup/bizloan-series-a-funding-technology-branch-expansion-19556313.htm ]