Funding · Financial Services

Mufin Green Finance closes ₹25 crore PTC deal

By Startup Enthusiast · 2 April 2026

What they do

Mufin Green Finance closed its first ₹25 crore Pass Through Certificate transaction backed by Aditya Birla Capital

The PTC is backed by a mediclaim financing portfolio built with partner Bimapay Finsure Private Limited

This deal marks the company's entry into structured finance and aims to strengthen its mediclaim lending business

Mufin Green Finance has closed its first Pass Through Certificate (PTC) transaction.
The PTC is worth ₹25 crore.
The transaction is backed by Aditya Birla Capital Limited.
The underlying pool of loans is a mediclaim financing portfolio.
This portfolio was built through Bimapay Finsure Private Limited, a lending service provider (LSP) partner.
The pool has received an A+ rating from CRISIL.
This marks Mufin's entry into the structured finance-led fundraising space.

The company's AUM (assets under management) stood at approximately ₹1,500 crore as of March 2026.
The deal helps Mufin diversify its funding sources beyond traditional bank loans.
It signals growing investor confidence in niche financing segments like mediclaim.

Mufin Green Finance is a non-banking financial company (NBFC) focused on green finance.
It also provides mediclaim financing through partnerships with LSPs like Bimapay.
The company's AUM was about ₹1,500 crore as of March 2026.
It operates in the structured finance space to raise capital.

Aditya Birla Capital Limited (lead) — A financial services company under the Aditya Birla Group.