Sunday, June 11, 2023
Outlook.com
Outlook India
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Micro Entrepreneurs

Moneyboxx raised total equity of Rs 48.4 crores equity in the fiscal year 2023 and Rs 93.5 crores since its inception

The company plans to utilise the funds for onward lending to the micro-entrepreneurs

With Rs 440 crores disbursements up to Jan 2023, Moneyboxx claimed to transform the lives of more than 26,000 borrowers and aims to bridge the credit gap to improve the lives of women entrepreneurs in Tier-III cities and beyond

Avenue Growth plans to utilise the funds in the expansion of its verticals, strengthen its technology platform and expand its leadership team