Moneyboxx Finance secures ₹1.32 billion debt capital, adds three new lenders 

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Moneyboxx Finance Limited, a BSE-listed NBFC, has raised ₹1.32 billion in debt capital during the third quarter of FY25, including ₹500 million from three new lending partners – Indian Overseas Bank, Bajaj Finserv Limited, and Nabkisan Finance Limited.

The shares of Moneyboxx Finance Limited were trading at ₹213.00 down by ₹3.00 or 1.39 per cent on the BSE today at 12.25 pm.

The microfinance lender secured an additional ₹820 million from its existing partners, including HDFC Bank, AU Small Finance Bank, Utkarsh Small Finance Bank, and Wint Wealth. The company now has a total of 30 lending partners, including major banks such as State Bank of India, HDFC Bank, and Kotak Mahindra Bank.

Moneyboxx, which focuses on providing business loans to micro-entrepreneurs in Tier-III and smaller cities, has expanded its branch network by 60 per cent in the past nine months. The company now operates 160 branches across 12 states in north and south India, up from 100 branches in eight states as of March 2024.

The NBFC has raised over ₹10 billion in debt to date and maintains funding visibility through its Business Correspondent/Co-Lending Model (BC/CLM) partnerships with various financial institutions.