Series A · Fintech
Business Nextgen Finance raises ₹215 crore Series A led by Beams Fintech Fund
The secured MSME lender plans wider geographic coverage and greater access to formal credit.
Capital for expanding the secured lending franchise
Beams Fintech Fund led the ₹215 crore equity investment in Business Nextgen Finance. The financing supports geographic expansion and wider access to formal secured credit for underserved small businesses.
The company combines underwriting, technology and customer distribution to develop its MSME lending business. The new capital backs expansion of that lending franchise into additional markets.
Use of funds
Expand the geographic footprint
Deepen access to formal secured credit for MSMEs
Funding history
Series A · This round₹2.2B