BusinessIndia

Clix Capital announces USD 40 million fresh capital infusion from existing investors

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New Delhi, Sep 30 (GCBusiness) Clix Capital Services Pvt Ltd – one of India’s leading digital-lending Non-Banking Financial Companies (NBFCs)– on Monday announced its latest round of capital infusion of USD 40 million from its existing investors AION Capital Partners Ltd as well as its promoters Pramod Bhasin and Anil Chawla.

Strong focus on technology and strategic partnerships has helped Clix scale up and expand its footprint to 4 million customers in a short span of 3 years. The company is targeting a loan book of Rs 5,500-6,000 crore by the end of FY20 as compared to Rs 5,000 crore currently, according to a statement here.

Augmenting the Company’s original capital base of USD 250 million, the latest round of funding will be used to expand the business across its varied segments especially consumer finance and digital platforms.

Clix has a presence across 12 cities in India and envisages deeper penetration in these markets.

Pramod Bhasin, Founder and Chairman – Clix Capital, elaborated on the announcement: ‘At Clix, we are continuously trying to bridge the credit gap in the unserved and underserved segments such as new-to-credit customers and MSMEs. Towards this objective, we use cutting-edge technologies and insightful innovations to drive lending models that are responsive to the needs of end-customers while significantly expanding financial inclusion.

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Source
Via UNI-India

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