Funding
Seeds Fincap raises $4.5 million via NCDs
By Startup Enthusiast ·
- Date
- Company
- Seeds Fincap
- What it does
- First DFI debt
- Kind
- Funding
- Amount
- $4.5 Mn
- Stage
- Debt (NCDs)
- Based in
- Gurugram
- Founded
- 2021
What they do
The lender raised over $4.5 million from its first development finance institution through non-convertible debentures
What happened
Impact investor responsAbility Investments led the debt raise, which followed the equity round earlier that month
Why it matters
The founder and chief executive called the money a catalyst for wider access to finance across the nation
The details
- Over $4.5 million raised through NCDs (bonds that cannot be turned into shares).
- First money from a development finance institution.
- Led by impact investor responsAbility.
Investors
About Seeds Fincap
- Product
- Gurugram-based NBFC firm dedicated to promoting financial inclusion and supporting the growth of MSMEs across India
- Customers
- Underserved MSMEs and small businesses in India.
- How it makes money
- Provides business loans through an NBFC model, earning through lending income and related fees.
- What sets it apart
- Uses cash flow-based underwriting with tech-enabled sourcing and collections.
More on Seeds Fincap
- Seeds Fincap raises ₹100 crore Series B1 October 2026 · Funding · ₹100 Cr
- Seeds Fincap wins Gold client protection certification20 July 2026 · News
- Seeds Fincap raises Rs 50 crore pre-Series B12 August 2025 · Funding · Rs 50 Cr
- Seeds Fincap crosses Rs 500 crore AUM11 April 2025 · Results
- Seeds Fincap raises $8.5 million Series A17 July 2024 · Funding · $8.5 Mn
- InnoVen Capital lends venture debt to Seeds Fincap18 December 2023 · Funding
- Seeds Fincap raises $6 million Series A115 September 2023 · Funding · Rs 50 Cr
- Seeds Fincap opens 51st branch in Bihar26 November 2022 · Launch