Friday, April 19, 2024
Outlook India
Outlook Business

Northern Arc Capital

Nu Score is a machine-learning scoring model which is custom-built for each lending institution

The deal will allow capital market investors to invest in ‘invoice discounting' and take indirect exposure to corporate Anchors

‘Nu Score’ will offer real-time, data-backed risk assessment for evaluating a borrower

Northern Arc plans to use half of the funds to provide financial assistance to MSMEs and women entrepreneurs in India

Institutional investor Northern Arc Capital led the funding round