Suryoday Small Finance Bank is a new age bank that originated from a micro finance institution and has served over a million customers since 2009. The bank's main focus is to provide top-notch banking solutions under the slogan "A Bank of Smiles." They offer a range of credit products including MFI loans, Vikas Loans, and Shopkeeper Loans to both new and existing customers, in addition to digital banking services. The bank is committed to reaching the unserved and underserved populations through innovative banking practices and expanding its presence in states where it doesn't currently operate. The last noteworthy investment in the bank was a Private Equity Round of INR1.50B on 10 March 2021, with funding from Axis Asset Management Company and SBI Life Insurance. Operating out of India, Suryoday Small Finance Bank strives to help its customers "Save More. Earn More. Smile More."
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Private Equity Round | INR1.50B | 2 | SBI Life Insurance | 10 Mar 2021 |
Private Equity Round | $8.20M | 5 | LNB group, Kotak Life Insurance | 28 May 2020 |
Venture Round | Unknown | 1 | 09 Jul 2019 | |
Venture Round | INR2.48B | 4 | 03 Apr 2019 | |
Venture Round | INR1.58B | 6 | IFC Asset Management Company, HDFC Standard Life Insurance +2 | 02 Mar 2017 |
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