The recent capital raise by Moneyboxx Finance Limited, a BSE-listed NBFC, has garnered attention in the financial market. The NBFC managed to secure a total of ₹1.32 billion in debt capital during the third quarter of FY25, with a significant portion coming from three new lending partners – Indian Overseas Bank, Bajaj Finserv Limited, and Nabkisan Finance Limited.
This development underscores the growing confidence in Moneyboxx Finance Limited as a reliable financial institution. In addition to the new partners, the company also received an additional ₹820 million from its existing partners, further strengthening its financial position.
The expansion in funding sources is a positive sign for Moneyboxx Finance Limited, as it indicates growing support from the financial community. With a total of 30 lending partners, including major banks like HDFC Bank, AU Small Finance Bank, and State Bank of India, the company has diversified its funding base and reduced its dependency on a few sources.
Moreover, Moneyboxx Finance Limited’s focus on providing business loans to micro-entrepreneurs in Tier-III and smaller cities is commendable. By expanding its branch network by 60% in the past nine months, the company has demonstrated its commitment to serving underserved markets and promoting financial inclusion.
Overall, Moneyboxx Finance Limited’s successful capital raise and expansion efforts reflect its strong growth trajectory and commitment to supporting micro-entrepreneurs across India. As the company continues to expand its reach and offerings, it is poised to make a meaningful impact on the financial landscape and empower small businesses to thrive.
