Caspian Debt receives $20 mn from US govt agency as long-term debt

Caspian aims to use the funds to invest in under-served emerging enterprises and women-centric businesses.

Caspian Debt, a digital corporate lending financial services company, said it has received an investment of $20 million from the US International Development Finance Corporation (DFC) as long-term debt. The new facility, which is a combination of subordinated and senior debt will support Caspian Debt in providing customised, collateral free loans digitally to professionally managed enterprises operating in high impact sectors in India. These include microfinance, SME finance, affordable housing, affordable healthcare, sustainable agribusiness and education.

Caspian Debt primarily works with first-generation social entrepreneurs, who find it difficult to raise working capital as they run new-age businesses with an asset-light model,