CreditAccess Grameen Limited, a leading Indian microfinance institution headquartered in Bengaluru, is dedicated to providing micro-loans to women customers primarily in rural areas across India. Since its establishment in 1999, the company has expanded its operations to 364 districts in 16 states and one union territory through 1,877 branches. The primary goal of CreditAccess Grameen Limited, as expressed in their slogan, is to become the preferred business partner of 1 Crore low-income households lacking access to credit by 2025.
The company's Promoter is CreditAccess India B.V., a multinational company specialized in micro and small enterprise financing. Backed by institutional investors and with over a decade of experience in micro-lending in India, CreditAccess Grameen Limited operates within the financial services, fintech, banking, and finance industries.
Furthermore, it recently received a INR9.90BPost-IPO Debt investment on 11 September 2023. This demonstrates a strong investor confidence in the company, its mission, and its potential to drive positive impact at scale in the microfinance sector in India.
CreditAccess Grameen Limited's strategic positioning, with its extensive reach in rural regions and commitment to financial inclusion, makes it an intriguing prospect for venture capital investment, particularly for those interested in the social impact space within the financial sector.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Post-IPO Debt | INR9.90B | - | 11 Sep 2023 | |
Post-IPO Debt | INR1.64B | 1 | European Bank for Reconstruction and Development | 13 Apr 2023 |
Post-IPO Debt | INR2.80B | 1 | 19 Oct 2022 | |
Post-IPO Debt | $15.00M | 1 | 19 Jul 2021 | |
Post-IPO Debt | Unknown | 1 | WaterEquity | 13 Mar 2020 |
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