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SATYA MicroCapital Raises USD 15mn Led by Japan Based Investor Gojo and Company Inc. | ||
New Delhi, Delhi, India Micro-finance firm SATYA MicroCapital Limited has recently raised fresh funding of worth USD 15mn led by its existing Japan based investor-Gojo & Company Inc. The total amount of fiscal backing is constituted by USD 8mn being allocated to Debt and USD 7mn being allocated to Equity. SATYA plans to use these funds to expand its terrestrial footprints and magnify its diverse product portfolio. This is for the first time SATYA has received debt funding from Gojo & Company Inc.
MD, CIO and CEO, SATYA MicroCapital - Vivek Tiwari
Headquartered in New Delhi, SATYA currently has 350+ branches in more than 35000 villages of over 225 Districts in 21 states catering to more than 9 lac clients who seek credit help for their income generation and income growth purpose in sectors such as agriculture, animal husbandry, business/trade, production/services, and water sanitation purposes. With its operational journey started in 2017, SATYA MicroCapital is addressing the financial inclusion opportunity emblematic approach to traditional microfinance by directing comprehensive emphasis on leveraging technology for improvising the customer experience along with reducing operational costs.
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