Navadhan is Navadhan Capital is an RBI-registered non-banking finance company focused on tech-led financing for rural MSMEs. It is a technology-driven fintech platform that supports small rural businesses by giving income-generating loans to a consumer with an income of INR 4-40 lakh with KYC and CIBIL with a stable business and residence. Navadhan’s proprietary alternative underwriting model, AceN, enables full-service customer fulfilment, including sourcing, digital enrolments, credit underwriting, servicing, payments and collections. It has over INR 360 crore of disbursement and 27 banks and NBFCs on its platform as lenders.
The transaction and legal due diligence was led by India Juris, Mumbai team. Further details about the transaction can be found on PTI News or The CEO Magazine.
