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Secured lending NBFC Techfino secures Rs 65 crore funding

Economic Times · 2d

Bengaluru-based NBFC Techfino has secured Rs 65 crore in equity funding led by Stellaris Venture Partners and Saison Capital. Founded in 2019 by banking veterans, Techfino initially financed education fees and has now expanded to offer loans against property for small businesses. With a current loan book of Rs 225 crore, it plans to increase this to Rs 350 crore. Techfino aims to double its branch count and increase its workforce by 200 employees.