Commenting on the successful fundraise, Deepak Aggarwal, Co-founder of Moneyboxx Finance Ltd, said, “We are encouraged to receive strong support from India’s largest lender, which underscores confidence in our business model and growth trajectory. This additional debt capital will help us further extend our reach in semi urban and rural areas, empowering micro-entrepreneurs with essential financial resources and contributing to their economic advancement.”
Moneyboxx is backed by 32 lenders, including leading institutions such as State Bank of India, HDFC Bank, and Kotak Mahindra Bank, and has raised over INR 12 billion in debt funding to date.
