Finova Capital

"Financing Dreams"

General Information
Company Name
Finova Capital
Founded Year
2015
Location (Offices)
Jaipur, India +1
Founders / Decision Makers
Number of Employees
1343
Industries
Finance, Financial Services, Banking
Funding Stage
Series D
Social Media

Finova Capital - Company Profile

Finova Capital is a financial innovation startup that operates as a non-banking financial company licensed by the Reserve Bank of India. Established in 2015 and headquartered in Jaipur, India, it aims to support the productive needs of both the urban and rural poor by providing loans for starting or expanding businesses. Founded by Mr. Mohit Sahney, the company is driven by a vision to revolutionize credit delivery to the unorganized, unreached, and unserved segments.

By striving to empower micro and small-medium enterprises (MSMEs), Finova Capital seeks to play a crucial role in the growth of the Indian economy. The company's strategic focus lies in reaching out to the financially excluded unorganized MSME sector, offering financial support at a reasonable cost and ensuring transparent delivery. With its recent $65.00M Series D investment on 31 March 2022, Finova Capital secured funding from prominent investors including Maj Invest Private Equity, Norwest Venture Partners, and Faering Capital.

Taxonomy: NBFC, financial innovation, microfinance, small medium enterprises, credit delivery, rural entrepreneurship, inclusive finance, financial inclusion, transparency in finance, Indian economy, unorganized sector, MSME sector, productive loans, community development, RBI licensed

Funding Rounds & Investors of Finova Capital (5)

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Funding Stage Amount No. Investors Investors Date
Series D $65.00M 3 31 Mar 2022
Debt Financing $20.00M - 28 Oct 2020
Series C $35.00M 2 28 Oct 2020
Series B $15.00M 2 25 Mar 2019
Series A $6.00M 1 06 Mar 2018

Latest News of Finova Capital

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No recent news or press coverage available for Finova Capital.

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