Moneyboxx Finance strengthens its capital position with fund raise of Rs 1441 cr

8 Jan 2022 , 01:35 AM

Moneyboxx Finance raised equity capital of Rs 1441 crores by way of private placement from non-promoter investors The Company has strengthened its capital position with this fund raise and plans to use the funds for expanding its scale of operations and tap growth opportunities given the huge unmet credit gap for micro enterprise The Companys AUM will cross Rs 100 crore in January 2022 supported by growing business at existing branches and the fund raise would further augment AUM expansion by additional Rs 75 crore