Vistaar Finance Raises US $30M
The funds for the leading MSME lender were raised from the dutch entrepreneurial development bank FMO
December 01, 2020: Vistaar Finance announced today that it has raised ~Rs. 225 crore (US$ 30 million) External Commercial Borrowing (ECB) from FMO, the Dutch entrepreneurial development bank, making this amongst the larger such transactions in the MSME segment this year. Vistaar has now raised over Rs. 550 crore of debt financing in just seven months of this financial year. These funds will be deployed to lend to small businesses across the country, especially in this time of need. This is the second line of funding from FMO to Vistaar.
Mr. Brahmanad Hegde, Executive Vice Chairman said, “This funding helps underline the core objectives of Vistaar & FMO of lending to small businesses to support their sustainable growth. Onward lending of these funds to small businesses contributes directly to Government of India initiatives like ‘Make in India’ and ‘Atmanirbhar Bharat’. This fundraising is a strong endorsement of Vistaar’s sustainable business model, risk management capabilities even during a pandemic, its ability to grow in the current challenging and critical times, as well as strong shareholding.”
