AION Capital puts $40 million in SME lender Clix Capital

Date posted: Tuesday 1 October 2019

Clix Capital has raised $40 million (about Rs 282 crore) in fresh financing led by its largest stakeholder AION Capital, even as the country’s broader NBFC sector continues to grapple with a combination of low liquidity and increased scrutiny over poor loan book quality. The small and medium enterprise-focused lending platform founded by Pramod Bhasin and Anil Chawla will use the capital infusion to push into the consumer lending segment, while continuing to build its digital platform.

(Economic Times)