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Satya MicroCapital Bags INR 72.5 Crore to Accelerate Financial Offerings

The NBFC has raised investment for the second time since its inception in 2017
BY BEx Bureau
Jul 28, 2020

Non-banking financial company, SATYA MicroCapital Limited has recently raised INR 72.5 crore from Swiss impact investor, BlueOrchard Finance Limited. The NBFC has raised investment for the second time since its inception in 2017. The funding is received through InsuResilience Investment Fund (IIF) and Japan ASEAN Women Empowerment Fund (JAWEF) managed by BlueOrchard.

The debt funding round will help scale up SATYA's operational base while continuing to develop innovative credit offerings and complete end-to-end business processes for their valuable clients.

"The funds raised will be used for effectively promoting animal husbandry bundled with livestock insurance and help a wide section of women entrepreneurs to normalise their business. We are thankful to BlueOrchard Finance for showing trust and confidence in SATYA. This will definitely boost the microfinance activities in India," Vivek Tiwari, MD and CEO of SATYA MicroCapital Limited, said in the company's official statement.

In May this year, the NBFC received equity funding of INR 105 crore from the Japan-based financial institution, Gojo Company Inc.

The funding received will indeed prove beneficial to SATYA in up scaling its operations which will further accelerate the provision of financial services to its esteemed client base. Going forward, the company will cater to the unbanked people at the bottom of the pyramid in more efficient ways, especially rural women who seek credit help in various sectors for income generation and income growth purposes such as agriculture, animal husbandry, business, trade, services and water and sanitation purposes.

SATYA Micro Capital Limited started its operational journey in January 2017. It has assets under management of worth INR 1000 crore as of now. Since its inception, the MFI has been integrally focussed in providing micro financial services to the unbanked people at the bottom of the pyramid. To date, NBFC asserts to have rendered its value-added credit services for generating means of livelihood to more than 4.5 lakh clients.

BlueOrchard, which was established in 2001 under UN's initiative, emerged as the first commercial manager of microfinance debt investments worldwide. It offers impact investment solutions through a channel of debt and equity financing to institutions operating in emerging markets. It is actively operating within four continents.In India, it has backed several banking and non-banking financial companies.

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