Jaipur, India
Finova Capital is a financial innovation startup that operates as a non-banking financial company licensed by the Reserve Bank of India. Established in 2015 and headquartered in Jaipur, India, it aims to support the productive needs of both the urban and rural poor by providing loans for starting or expanding businesses. Founded by Mr. Mohit Sahney, the company is driven by a vision to revolutionize credit delivery to the unorganized, unreached, and unserved segments.
By striving to empower micro and small-medium enterprises (MSMEs), Finova Capital seeks to play a crucial role in the growth of the Indian economy. The company's strategic focus lies in reaching out to the financially excluded unorganized MSME sector, offering financial support at a reasonable cost and ensuring transparent delivery. With its recent $65.00M Series D investment on 31 March 2022, Finova Capital secured funding from prominent investors including Maj Invest Private Equity, Norwest Venture Partners, and Faering Capital.
