Comments
Non-banking finance company FincFriends has raised $ 1 million in debt funding from Eclear Leasing & Finance. FincFriends has its app and lending platform — RupeeRedee, which is used for lending to customers.
“The company aims to use the debt sanctioned by lenders in tranches for business expansion, growth and effective cashflows,” it said in a statement.
FincFriends aims to use the debt to build its loan book and replace the need for equity infusion at the present stage of business, it further said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.