Arthan Finance Raises Rs 50 Crore from Incofin India, Others for Business Expansion 

It has raised Rs 83 crore till now, and the past funders include founders and angel investors apart from the Michael & Susan Dell Foundation. Its founder and director Kunal Mehta termed the funding as crucial for the company’s next phase of growth. “Arthan has tremendous potential to demonstrate how social impact can be driven through an enviable blend of technology and inclusive financial services,” Incofin’s partner Aditya Bhandari said. Arthan Finance Private Limited was established on December 11, 2018, with the purpose of engaging in lending activities as a Non-Banking Finance Company (NBFC) authorized by the Reserve Bank of India (RBI). The company’s primary objective is to supplement traditional banking services by offering capital to self-employed entrepreneurs, MSMEs, and consumers in India.  Specializing in loans for self-employed nano and micro entrepreneurs, Arthan operates in Maharashtra, Odisha, Andhra Pradesh, and Telangana, focusing on providing growth capital to such enterprises in tier II, III, and IV cities. With loans ranging from Rs 2,000 to Rs 20 lakhs, the company claims to have disbursed over Rs 500 crore to over 20,000 borrowers.(With inputs from PTI)  

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