SME lender Finodaya Capital raises $2.5 million led by White Venture Capital
25 Apr 2025, 05:16 PMFinodaya will operate on a hybrid “phygital” model, blending digital services with a physical branch presence to streamline loan disbursement and underwriting.
Team Head&Tale
Share the story on
Madhya Pradesh-based NBFC Finodaya Capital has raised $2.5 million in a seed funding round led by White Venture Capital, with additional backing from Gemba Capital and several angel investors.
The funding round values the company at Rs 50 crore post-investment, as reported by the Economic Times.
The company, which received its NBFC license from the Reserve Bank of India on April 11, aims to offer microloans backed by property to small and micro enterprises across India.
Previously operating through a partnership with Utkarsh Small Finance Bank, Finodaya is now exploring co-lending collaborations with additional institutions. This funding supports its broader strategy to digitize and scale up property-backed lending in India.
Finodaya will operate on a hybrid “phygital” model, blending digital services with a physical branch presence to streamline loan disbursement and underwriting.
Founded by ex-ICICI Bank executives Lokendra Tomar, Abhitabh Dixit, and Neeraj Biyani, the company plans to launch 15 branches in Madhya Pradesh within next six months and is targeting loan disbursements between Rs 50-Rs 100 crore by 2026.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
Related News