Moneyboxx Finance Raises ₹84 Crore Debt; Adds Bandhan Bank as New Lender
Moneyboxx Finance has raised ₹144 crore in debt funding in September, including ₹84 crore in fresh debt from Indian Overseas Bank, Bandhan Bank, and other NBFCs. This funding supports the company's plans to significantly increase disbursements across MSME, solar, livestock, and digital lending segments.
The debt funding will enable Moneyboxx Finance to increase its disbursements, which is crucial for its business growth and expansion into new segments. The diversification of its funding base also strengthens its financial stability.
The company has successfully raised a significant amount of debt from a diversified set of lenders, including a new banking partner, which is a positive development for its growth plans.
Moneyboxx Finance Limited has secured ₹84 crore in fresh debt funding, including ₹35 crore from Indian Overseas Bank, ₹20 crore from new partner Bandhan Bank, and ₹29 crore from two NBFC lenders. This funding, combined with a ₹60 crore NCD issuance earlier in the month, brings the total debt funding received in September to ₹144 crore.
The company is preparing for a significant increase in disbursements, supported by a strengthened portfolio, growing secured MSME book, larger average ticket sizes, risk-sharing arrangements, and an improved borrower credit profile. Moneyboxx is also expanding its partnership-led origination through collaborations with Loom Solar, Akshayakalpa, and Bachatt.
Mr. Deepak Aggarwal, Co-Founder and Co-CEO, stated that the funding from Bandhan Bank and Indian Overseas Bank is an endorsement of the company's strengthened franchise and a fundamentally stronger portfolio. The focus will now be on scaling disbursements across various lending segments and translating this growth into sustained AUM expansion and improved financial performance.
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Moneyboxx Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Moneyboxx Finance Limited. Read the original for the full detail.