Bizloan, a non-banking finance company (NBFC) dedicated to providing credit solutions for small businesses, has raised ₹35 crores in Series A funding co-led by Michael & Susan Dell Foundation and BLinC Invest.
The funds raised will be used to expand its reach in underserved markets, enhance its suite of loan products, and invest in cutting-edge technology to streamline its lending operations.
The company’s goal is to empower 2,500+ micro and nano enterprises in the next 12 months, particularly in regions with limited access to traditional financing options.
Rahul Jain, Chief Executive Officer & Co-Founder of Bizloan, said, “The current round of investment shall help the Company enter the next phase of fast-paced growth by expanding its footprint in BharatThis funding round will also enable us to fulfill our objective of simplifying credit for small businesses, which remain underserved, particularly in smaller towns and cities. We are actively investing in technology as a driver for better operational efficiency. The pedigree of investors on board shall also help us to develop and nurture sustainable talent which will further help us achieve the vision of our company.”
Amit Ratanpal, Founder and Managing Director, BLinC Invest said, “Indian Tier II and Tier III cities are witnessing a high growth rate and increasing urbanization, creating a high need for micro-entrepreneurs to expand their business- resulting in a monumental credit gap. Our partnership with the Bizloan Team aims to support these entrepreneurs in powering the Bharat growth engine with their technology-focused and innovative underwriting approach.”
Rakesh Goyal, Director of Michael & Susan Dell Foundation, said, “Supporting small businesses is crucial for economic growth, but their access to formal credit remains limited. This funding marks a crucial step forward in our mission to empower micro and nano enterprises, providing them with the capital and financial tools they need to fuel business growth, increase household incomes, and create employment opportunities.”
Founded in 2016 by Rahul Jain, Abhishek Mishra, Girish Chawla, and Vikram Diwan, Bizloan is an RBI-registered NBFC that provides credit solutions to micro, small and medium enterprises (MSMEs).
Bizloan claims to have disbursed approximately ₹774 crore in loans across 26 branches. To date, Bizloan has provided financial support to more than 3,000 entrepreneurs in key regions, including Haryana, Uttar Pradesh, NCR, Karnataka, and Rajasthan.
