Moneyboxx Finance AUM crosses INR 100 crores; targets AUM of INR 400 crores in FY’23
  • Driving financial inclusion by funding women & micro entrepreneurs in Tier-IIl and below places focusing on doubling borrower’s income in 3 years
  • Targets INR 400 crores AUM by FY23 on the back of strong growth opportunities, branch expansion and improved access to funds
  • To expand network to 30 branches in 5 states by adding 6 branches by March’22

A BSE-listed NBFC, which provides small- ticket business loans to micro and small enterprises in Tier-Ill towns & below places, crossed milestone of INR 100 crores AUM in Jan 2022, driven by rising branch productivity and strong disbursements in Q3FY22. Cumulative disbursements reached INR 168 crores as on Jan’22, The Company, which raised INR 14.41 crore of Equity in Dec’21 and is supported by 17 lenders, plans to add 6 branches by March 2022, taking its branch network to 30 in 5 states. The company targets AUM of INR 400 crores in FY’23.

Balanced and diversified business model with focus on essential sectors: Company’s AUM is well diversified across geographies and sectors with focus on essential sectors and services, thus lending stability to portfolio quality. AUM is well diversified across states with no single state accounting for more than 35% of AUM as of Jan’22.