IKF Finance Set to Secure $70-80 Million Funding from Sovereign Fund and Norwest
2025-02-25
moneycontrol.com
Hyderabad-based non-banking financial company (NBFC) IKF Finance, backed by Motilal Oswal Alternatives and Accion, is on the verge of a major funding deal. The company has recently amended its Memorandum and Articles of Association to increase its authorised share capital, paving the way for a significant investment of $70-80 million from a sovereign fund and Norwest. This move is expected to boost the company's financial capabilities and support its growth plans in the Indian financial market, with a focus on digital lending and financial inclusion, leveraging key trends in fintech and NBFC sector growth.
