Plans to fund AUM growth and branch expansion
Moneyboxx Finance raised equity capital of Rs 14.41 crores by way of private placement from non-promoter investors.The Company has strengthened its capital position with this fund raise and plans to use the funds for expanding its scale of operations and tap growth opportunities given the huge unmet credit gap for micro enterprise. The Company's AUM will cross Rs 100 crore in January 2022, supported by growing business at existing branches, and the fund raise would further augment AUM expansion by additional Rs 75 crore.
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