Finova Capital

Finova stands for financial innovation. It is NBFC licensed by Reserve bank of India. The company is headquartered in Jaipur & provides loan to both urban poor & rural poor to meet their productive requirements in starting new business or for growing an existing business. Founded by Mr Mohit Sahney in 2015, Finova is a young, growing company with a big vision: to transform credit delivery to unorganized, unreached & unserved segments. Idea of Finova Capital originated with a belief that if supported well then micro & small medium enterprises can play a pivotal role in growing Indian economy. We at FINOVA believe that by supporting and creating enabling opportunities for micro & small business, lives can be enriched & communities can be transformed. The company's aim is to reach out to financially excluded unorganized, Unreached MSME sector. The objective is to make finance available at a reasonable cost & deliver in a transparent manner.

Jaipur, Rajasthan, India1001-5000 employeesFounded 2015

Overview

Finova Capital is a non-banking financial company that provides loans for micro and small businesses. It also offers personalized financing options with insight into loan structure and payment plans.

Tech Stack

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Funding History

Series A

$6.0M

Mar 2018

Series B

$15.0M

Mar 2019

Series C

$35.0M

Oct 2020

Debt Financing

$20.0M

Oct 2020

Series D

$65.0M

Mar 2022

Faering Capital, Maj Invest Equity, Norwest

Series E

$135.0M

Oct 2024

Peak XV Partners, Faering Capital, Maj Invest Equity +4

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Overview

Tech Stack

Funding History