IIFL Finance Limited operates in financial services in India, focusing on affordable housing loans and lending to micro, small and medium enterprises (MSMEs). The company received long-term capital to expand access to business and affordable housing credit for under-banked communities. British International Investment (formerly CDC Group) made a $150 million equity investment in summer 2016 for a 15% stake and later committed debt financing recorded in 2018. The capital injections were intended to drive business growth and contribute to wider economic stability in informal and under-documented segments of the Indian economy. The company is listed in BII’s portfolio under project number D3490, sector financial services, region South Asia, and domicile India.

Total raised

$150M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2018