India: Sequoia-backed Finova raises $15m from Faering Capital, others

India: Sequoia-backed Finova raises $15m from Faering Capital, others

Photo: Mint

Indian non-banking financial company Finova Capital has raised $15 million from home-grown private equity firm Faering Capital and existing investor Sequoia India.

According to an official statement, the Jaipur-based firm plans to use the capital raised in its Series B round to expand its presence and enable access to credit for the unbanked population.

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