Finova Capital is a Jaipur-based NBFC that provides working-capital and machinery loans to micro, small, and medium enterprises via a technology-driven underwriting and risk-assessment platform. Founded in 2015 by Mohit and Sunita Sahney, the company focuses on micro-entrepreneurs and semi-skilled professionals. It reports assets under management of Rs 3,000 crore and a five-year compound annual growth rate of over 60%. Finova has established a presence across 16 states and serves more than 100,000 customers. The company plans to use new capital to expand its loan book, enhance technology, and broaden its geographic reach. The latest funding round also provides exits for early investors and signals investor confidence in its financial-inclusion strategy.

Total raised

$135M

Funding rounds

1

Latest round

Series E

Latest activity

Oct 2024