Kinara Capital

Kinara Capital to provide Rs 1,100 cr to MSMEs in Tamil Nadu this fiscal

Financial technology company Kinara Capital has committed Rs 1,100 crore to support the micro, small and medium enterprises (MSMEs) in Tamil Nadu and neighbouring Puducherry during the current financial year, a top official said. According to Chief Operating Officer Thirunavukkarasu R, the company disbursed more than Rs 656 crore in Tamil Nadu and Puducherry in FY2023. "With a renewed commitment of Rs 1,100 crore to MSMEs this financial year, we are realising the aspirations of thousands of micro, small and medium enterprises across the state," he said in a press release on Sunday. Kinara Capital offers business loans to the MSME sectors ranging between Rs 1 lakh to Rs 30 lakh. The company offers various business loan products including long-term and short-term working capital, and asset purchases among others. The company unveiled its 'myKinara' mobile application in Tamil language that offers easy access to credit for the MSMEs operating in the state. The company plans to hire 1

Kinara Capital closes Rs 200 crore in fresh equity round, led by BII

Kinara Capital, a fintech company serving small business entrepreneurs, on Friday announced closing a fresh equity round of approximately Rs 200 crore led by British International Investment (BII), the UK's development finance institution. "Existing equity investors Nuveen and the ASN Microkredietfonds advised by Triple Jump also participated in this round," it said in a statement. "This equity investment will aim to propel Kinara Capital to grow 5x by 2025 and reach an AUM (assets under management) of Rs 6,000 crore by democratising access to formal financial inclusion with its myKinara App," the statement said. Bengaluru-headquartered Kinara Capital said it plans to reach over two lakh MSMEs across 100-plus cities in India in the next three years. British High Commissioner to India, Alex Ellis, was quoted as saying: "Women-led Fintech Company Kinara champions female empowerment and provides easier access to capital for small entrepreneurs across India. The British Government is .

Kinara Capital plans to add 700 employees by November

Kinara Capital, a fintech company serving Micro, Small and Medium Enterprises (MSMEs), said on Tuesday it plans to add 700 employees across its 125 branches and Bengaluru head office within the next six months. It said job opportunities are available at all levels, from new graduates to experienced senior management. Available field roles at the branch level are positions in sales, collections, operations, credit Risk, and Internal Quality Audit (IQA), it was stated. At its head office in Bengaluru, Kinara is seeking to fill positions across departments in data science, engineering, data platform, IT, HR, business operations, finance & accounting, marketing, products & strategy. Founder & CEO of Kinara Capital, Hardika Shah, said: We are growing our team to support even more MSMEs, especially as we continue to expand in Tier 2 and Tier 3 geographies.

Kinara Capital appoints cricketer Ravindra Jadeja as brand ambassador

Kinara Capital, an innovative fast-growing fintech serving India's MSMEs, today announced that it has signed the Indian cricket team's shining star, Ravindra Jadeja, as its official brand ambassador

Non-banking lender Kinara Capital secures $10 million from IndusInd Bank

The funds secured have 100 per cent guarantee from the US International Development Finance Corporation

NBFC Kinara Capital raises Rs 100 cr from Gaja Capital, 3 other investors

Kinara Capital has disbursed Rs 1,160 crore across more than 33,000 loans till date