{"id":36850,"date":"2022-04-19T17:49:47","date_gmt":"2022-04-19T12:19:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/kinara-capital-3\/"},"modified":"2022-04-19T17:49:47","modified_gmt":"2022-04-19T12:19:47","slug":"kinara-capital-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/kinara-capital-3\/","title":{"rendered":"Fintech Kinara Capital Secures INR 380 Cr in Equity, Led by Nuveen"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3773328441\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Fresh Equity Round comes from Nuveen\u2019s Global Impact Fund and Triple Jump\u2019s ASN Microkredietfonds  Bengaluru, Karnataka, India \u2013 Business Wire India  \u2022  Kinara Capital closes Series E round and marks 7th year of profitability \u2022  Fintech aims 5X growth by increasing book size to INR 6,000 Cr by 2025 \u2022  Two new members from Nuveen to join Kinara Capital\u2019s Board of Directors  Kinara Capital, India\u2019s fast-growing MSME fintech, closed a fresh equity round of INR 380 crores led by Nuveen, a leading global investment manager with over $1.3 trillion of assets under management, with participation from Triple Jump, a Dutch impact-focused investment manager advising the ASN Microkredietfonds. This new equity investment will lead to Kinara\u2019s expansion of products and services to meet the rapidly increasing MSME credit demand in India. Kinara Capital aims to grow by 500% by 2025 with plans to disburse INR 10,000 crores of MSME business loans in the next three years.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2429485937\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>  This round of equity financing for Kinara Capital comes from Nuveen&#8217;s Global Impact Fund which focuses on transformative companies\u2019 impact value chains for low-income consumers and from the ASN Microkredietfonds, a listed and regulated Dutch microfinance fund advised by Triple Jump. With this equity round, Kinara Capital gains two new members on its Board of Directors with Nuveen&#8217;s Managing Director &#038; Co-Head of Private Equity Impact, Rekha Unnithan, and Nuveen\u2019s Director of Private Equity Impact, Stephen Lee. As shareholders, Nuveen and Triple Jump will support Kinara\u2019s continued growth and the continued development of their best in class ESG and impact management system.<\/p>\n<p>  Kinara offers both a fully digital process with its myKinara app and doorstep customer service with 110+ branches serving small business entrepreneurs across 90+ cities in India. With the advanced use of AI\/ML, the company\u2019s vernacular-friendly myKinara app can take MSME applicants from loan decision-to-disbursement within 24-hours. More than 300 sub-sectors across Manufacturing, Trading, and Services MSME sectors can avail Kinara\u2019s collateral-free business loans in the range of INR 1-30 lakhs.<\/p>\n<p>  Hardika Shah, Founder &#038; CEO, Kinara Capital, said:  \u201cWe at Kinara Capital are immensely thrilled with the dual investment from Nuveen and Triple Jump who are uniting to support small business entrepreneurs in India, the world\u2019s fastest-growing major economy. This is a true attestation of our sustainable business model and the vast MSME market opportunity ahead of us. This fresh equity round will energize us to scale faster so that we can continue doing what we do best, which is to bring more small business entrepreneurs into the fold of financial inclusion.\u201d   Rekha Unnithan, Managing Director &#038; Co-Head of Private Impact Investing, Nuveen, said:  \u201cNuveen seeks out innovative companies who are transforming economies and solving real-world problems. Kinara Capital and its leadership are par excellence in how they have disrupted small business lending in India. Taking a digital-first approach without compromising on human customer service, Kinara has outclassed others with its ability to address the pain points of MSMEs in India. With a decade worth of proprietary data, Kinara has perfected its qualification processes and turnaround time. We at Nuveen are proud to invest fully in Kinara Capital, and together, we will turn to the next chapter of growth.\u201d   Orsolya Farkas, Equity Manager, Triple Jump, said:  \u201cTriple Jump is proud to invest in Kinara Capital which is leading with a sustainable business model and creating a systemic shift in how small business entrepreneurs should be considered and served, especially women entrepreneurs. Impact is core to Kinara\u2019s business and the company has never wavered from its mission of financial inclusion. We are impressed by Kinara\u2019s genuine commitment towards gender parity both within its organization by leading with a women-majority management team and with its HerVikas program for women entrepreneurs.\u201d   Kinara\u2019s products include collateral-free business loan offerings of Asset Purchase Loan for new or used machines, Long-Term Working Capital Loan, and Bill Discounting Loan which support ongoing needs such as shop renovations, purchase of stock or raw materials, machine repair, hiring of seasonal help, or related business growth requirements of a small business. Existing Kinara customers can further gain an advantage with lower-cost loans of shorter tenure by opting for a Short-Term Working Capital Loan or Loan Against Property. All women entrepreneurs qualify for an automatic discount with Kinara\u2019s HerVikas program. In addition, Kinara offers free monthly informational workshops in multiple languages with its Grow With Kinara series.<\/p><div class=\"trade-content_5\" id=\"trade-3001142306\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>  To date, Kinara Capital has disbursed INR 3,000 crores across 75,000+ collateral-free business loans enabling vast financial inclusion of the underserved small business entrepreneurs in India.<\/p>\n<p> About Nuveen   Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 Dec 2021 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.<\/p>\n<p> About Triple Jump and the ASN Microkredietfonds  Triple Jump is a Dutch impact-focused investment manager that provides meaningful and responsible investment opportunities in emerging markets. The funds managed and advised by Triple Jump provide financing for companies focusing on financial inclusion, affordable housing, missing middle finance (SMEs), and climate and nature. The ASN Microkredietfonds is a listed and regulated microfinance investment fund investing in financial inclusion in Africa, Asia, Europe and Latin America. For more information, please visit www.triplejump.eu.<\/p>\n<p>  About Kinara Capital  Kinara Capital is a fast-growing fintech propelling financial inclusion of small business entrepreneurs in India. Leading with a women-majority management team, the company is globally recognized for disrupting MSME financing. Qualified as a Systemically Important NBFC by the Reserve Bank of India, Kinara Capital is a debt-listed entity on the Bombay Stock Exchange (BSE). Headquartered in Bangalore, Kinara Capital has 110 branches across 90+ cities in India. Visit www.kinaracapital.com for more information and follow us on Twitter @KinaraCapital.<\/p>\n<p> This press release may contain projections and other forward-looking statements regarding future events or future financial performance. These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. Given business risks and uncertainties, undue reliance on these forward-looking statements should not be placed. Actual events or results may differ materially from those contained in the projections or forward-looking statements.<\/p>\n<p> To View the Image, Click on the Link Below:  KINARA CAPITAL SECURES INR 380 Cr IN EQUITY, LED BY NUVEEN    PWR PWR<\/p><div class=\"trade-content-10\" id=\"trade-776846551\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-1829144050\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Fresh Equity Round comes from Nuveen\u2019s Global Impact Fund and Triple Jump\u2019s ASN Microkredietfonds Bengaluru, Karnataka, India \u2013 Business Wire India \u2022 Kinara Capital closes Series E round and marks 7th year of profitability \u2022 Fintech aims 5X growth by increasing book size to INR 6,000 Cr by 2025 \u2022 Two new members from Nuveen [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-36850","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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