LivFin raises $5 m in equity funding from Germany’s DEG

Our Bureau Mumbai | Updated on December 19, 2019 Published on December 19, 2019

LivFin, a supply chain-focussed fintech firm, has raised $5 million of equity capital from German development finance institution DEG to fund its expansion plans. The company expects to reach a total assets under management (AUM) target of $40 million by March 2020.

With the fresh capital infusion, the company’s equity base will double, allowing it to raise additional debt and register a significant growth in the total AUM, the company said in a statement.

“The investment will be a boost to our planned growth over the next 12-18 months, and make LivFin a serious player in the supply chain finance space in India,” said LivFin MD & CEO Rahul Chander.

LivFin has disbursed over $150 million in aggregate. It has secured debt funding of $14 million from nine lenders.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on December 19, 2019
This article is closed for comments.
Please Email the Editor