FMO provides $25m debt financing to Indian NBFC Northern Arc

FMO provides $25m debt financing to Indian NBFC Northern Arc

Dutch development bank FMO has provided debt financing of $25 million to Indian non-banking financial company (NBFC) Northern Arc, it said in a statement.

The Chennai-based digital debt platform said it will use the capital for on-lending to financial institutions that focus on women borrowers, micro-entrepreneurs and SMEs.

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