Avanti Finance, a leading Indian fintech company, has secured $24 million in equity funding from Rabo Partnerships and the IDH Farmfit Fund. The funding will be used to support Avanti Finance’s expansion plans and strengthen its position in the Indian financial services market.
Rabo Partnerships, the investment arm of Rabobank, and the IDH Farmfit Fund, a fund that supports smallholder farmers, are both committed to supporting Avanti Finances’ mission of financial inclusion. The investment will help Avanti Finance provide access to financial services to underserved communities, particularly in rural areas.
Commenting on the funding, Rahul Gupta, CEO of Avanti Finance, said, “We are excited to have Rabo Partnerships and the IDH Farmfit Fund on board as our partners. The funding will help us accelerate our growth and continue to expand our reach to underserved communities across India. We remain committed to our mission of financial inclusion and look forward to working with our partners to achieve this goal.”
Avanti Finance has been providing financial services to underserved communities in India since 2017. The company offers a range of financial products, including microfinance, consumer finance, and affordable housing finance. With this latest funding, Avanti Finance plans to expand its product offerings and reach more customers across India.
The funds will help Avanti Finance develop technology to better serve customers, build stronger partnerships with financial institutions and mobile money providers, expand its reach in rural areas, and grow its team of highly-skilled employees.
Avanti Finance is committed to creating a more inclusive digital economy for India by providing access to financial services that are currently out of reach for many citizens. With this funding round, the company aims to accelerate its mission and continue providing financial services that make life easier for all Indians.
With this investment from Rabo Partnerships and the IDH Farmfit Fund, Avanti Finances’ goal of becoming one of the leading fintech companies in India is well on track. The company has seen great success in the past and is confident that this new funding round will help it reach even greater heights.
This latest investment further reinforces Avanti Finances’ position as a leader in digital financial services in India, and demonstrates its commitment to making financial services more accessible for all Indian citizens. With this funding, Avanti Finance looks forward to continuing its mission of providing access to financial services for underserved communities in India.
With this support, the company also hopes to create long-term opportunities that will bring economic growth and stability throughout rural areas of India. This investment will benefit not only those living in rural areas by empowering them financially but also local businesses and entrepreneurs who are looking for more efficient ways of doing business.
Rabo Partnerships is taking a holistic approach to global food security with their “smallholder ecosystem” strategy, providing small-scale farmers access to finance solutions and ultimately helping feed the world’s growing population. By investing in Avanti and increasing financial services for these smallholders, we are one step closer towards improved rural development that will have positive effects on our entire food system.
The investment from Rabo Partnerships and the IDH Farmfit Fund is a testament to Avanti Finance’s strong reputation and commitment to financial inclusion. The company has already made significant progress in providing financial services to underserved communities in India, and this latest funding will help it continue to build on its success.
The fresh funding will also help it to enhance its digital platform, improve customer experience, and build a strong team to support its growth.
It’s mission is to bring financial inclusion to underserved communities in India and the latest round of funding is a major step forward for the company as it works towards achieving this goal. We look forward to seeing what it’s does with this new investment!
