Fundraising Details

Moneyboxx Finance Limited has raised ₹60 crore through the issuance of Non-Convertible Debentures (NCDs) subscribed by three institutional investors: Choice Finserv, Vakrangee, and Vivriti Capital.

Financial Terms of NCDs

  • Coupon Rate: 10.75% per annum
  • Tenor: 2 years
  • Security/Rating: Secured and rated BBB/Stable by CRISIL/India Ratings

Utilization of Funds

The fresh debt capital will be utilized to support the company's growing disbursement pipeline across its four business segments:

1. Secured MSME lending

2. Livestock finance

3. Rooftop solar finance

4. Digital lending

Business Strategy and Partnerships

The company is scaling multiple partnership-led origination channels alongside its established branch-led business:

  • Bachatt partnership for digital lending
  • Akshayakalpa partnership for dairy and livestock finance
  • Loom Solar partnership for rooftop solar finance

These partnerships provide access to new customer pools and complement Moneyboxx's existing distribution, underwriting and collection infrastructure.

Portfolio Quality Improvements

The company has significantly strengthened its portfolio quality with:

  • Substantially higher proportion of secured lending
  • Larger average ticket sizes
  • Improved borrower credit profile

Management Commentary

Deepak Aggarwal, Co-Founder and Co-CEO, stated that the company is entering an exciting phase of growth with multiple complementary engines for future growth. The secured MSME business provides a strong foundation while expanding partnerships are opening up new customer segments and scalable origination channels. The NCD raise strengthens liquidity at an opportune time to fund the growing disbursement pipeline across all business segments.

Expected Impact

With multiple origination channels scaling simultaneously, the company expects strong momentum in disbursements and AUM growth over the coming months while maintaining focus on asset quality and responsible lending.

Company Background

Moneyboxx Finance Limited is a listed, non-deposit taking NBFC registered with the Reserve Bank of India, focused on providing credit to underserved micro and small enterprises across semi-urban and rural India. The company operates through a technology-enabled "phygital" model combining on-ground distribution with data-driven underwriting and digital processes.