Funding · Financial Services

Business Nextgen Finance raises ₹215 crore in equity

By Startup Enthusiast · 3 September 2026

Date: 3 September 2026
Company: Business Nextgen Finance
What it does: Secured lending for Indian MSMEs.
Kind: Funding
Amount: ₹215 Cr
Stage: early
Based in: Mumbai
Founded: 2025
Sector: Financial Services

What they do

Business Nextgen Finance is a non-banking financial company providing secured credit facilities to micro, small, and medium enterprises across India

What happened

The company raised ₹215 crore in an equity round led by Beams Fintech Fund, with participation from Baring PE, Saison Capital, and UNLEASH

Why it matters

The capital will be used to scale the company's technology-led lending platform, expand its geographic footprint, and deepen credit access for underserved…

The details

Business Nextgen Finance (BNF) successfully raised ₹215 crore in an equity funding round.
The round was led by Beams Fintech Fund I and its affiliates.
Baring Private Equity India Fund 6, Saison Capital, and UNLEASH 1st Investment Partnership also participated.
The transaction received prior approval from the Reserve Bank of India (RBI).
BNF will use the funds to scale its secured lending business and expand its geographic reach.
The company plans to invest in technology to improve its credit underwriting processes.

The bigger picture

The company aims to address the significant credit gap in India's underserved MSME sector.
Beams Fintech Fund and its affiliates will hold over 26% of the company's equity post-transaction.
The funding does not result in any change to the management or day-to-day control of the company.

About the business

BNF is a non-deposit taking Non-Banking Financial Company (NBFC; a financial institution that provides banking services without holding a banking license).
It focuses on providing secured credit (loans backed by collateral) to MSMEs.
The company emphasizes a technology-led approach to its lending operations.
It aims to serve under-penetrated and underserved markets across India.
The firm combines traditional touch-and-feel underwriting with modern digital tools.

What happens next

Scale the secured lending business.
Expand geographic footprint across India.
Deepen investment in technology for risk-based underwriting.

The deal

Type: equity

Investors

Beams Fintech Fund (lead) — A growth-stage private equity fund focused on India's financial services and fintech sector.

Founders

Pankaj Poddar, Founder, MD & CEO
Siddharth Saxena, Co-Founder & CTO
Hamid Shamshad, Co-Founder & CBO

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