SATYA MicroCapital raises Rs 72.5 Cr from BlueOrchard Finance

Date posted: Tuesday 28 July 2020

New Delhi-based microfinance startup SATYA MicroCapital Limited has announced that it has raised Rs 72.5 crore led by Swiss impact investor, BlueOrchard Finance Limited, for the second time since its inception in 2017. According to a release by the company, the funding will be received through InsuResilience Investment Fund (IIF) and Japan ASEAN Women Empowerment Fund (JAWEF), which is managed by BlueOrchard. SATYA MicroCapital, an NBFC-MFI, offers collateral-free credit to micro enterprises on the basis of a credit assessment platform and a centralised approval system. The company said it has adopted a unique Limited Liability Group (LLG) model for extending loans and ensuring repayment.

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