Indian NBFC Finova Capital raises $55m from Sequoia, Faering, others

Photo: Reuters

Finova Capital, a non-banking financial company, has raised $35 million from Sequoia Capital India and Faering Capital and an additional $20 million from various lenders, it announced on Wednesday.

The Jaipur-based company will use the funds to expand its presence and enable access to credit for the unbanked population, it said in a statement.

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