The Dell Foundation is a returning investor in the company, and the new capital infusion will help fuel its business expansion and technological advancements, the company said.
“This funding is crucial for the next phase of our growth. We are focused on strengthening our technology capabilities and expanding our reach to serve more MSMEs in underserved regions,” said Kunal Mehta, Founder and Managing Director, Ahsan Finance.
The company plans to expand its geographic reach and invest in advanced AI and ML-based underwriting systems.
Arthan Finance currently operates in Maharashtra, Odisha, Andhra Pradesh and Telangana, providing growth capital to self-employed nano and micro enterprises in tier 2, 3 and 4 cities. The company has lent over Rs 500 crore to over 20,000 borrowers, with loan amounts ranging from Rs 2,000 to Rs 2 million.
