Satya MicroCapital Raises $15 Mn Led By Gojo And Company

SATYA plans to use these funds to expand its terrestrial footprints and magnify its diverse product portfolio

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Micro-finance firm SATYA MicroCapital Limited has recently raised fresh funding of worth USD 15mn led by its existing Japan based investor-Gojo & Company Inc. The total amount of fiscal backing is constituted by USD 8mn being allocated to Debt and USD 7mn being allocated to Equity. SATYA plans to use these funds to expand its terrestrial footprints and magnify its diverse product portfolio. This is for the first time SATYA has received debt funding from Gojo & Company Inc.

Headquartered in New Delhi, SATYA currently has 350+ branches in more than 35000 villages of over 225 Districts in 21 states catering to more than 9 lac clients who seek credit help for their income generation and income growth purpose in sectors such as agriculture, animal husbandry, business/trade, production/services, and water sanitation purposes. With its operational journey started in 2017, SATYA MicroCapital is addressing the financial inclusion opportunity emblematic approach to traditional microfinance by directing comprehensive emphasis on leveraging technology for improvising the customer experience along with reducing operational costs.

Sharing his views on recent round of funding, MD, CIO & CEO, SATYA MicroCapital Ltd., Vivek Tiwari said, "We are certain that these funds will enable SATYA to accomplish its vision of reaching 50 lakh households by the year 2025. This will also propel SATYA to consistently grow and empower more Entrepreneurs from the underserved sections of society. The pandemic has posed an inevitable threat to livelihoods of self-employed women in rural boundaries who majorly constitute our client base. We will be channelizing this funding to provide essential and affordable credit services to women micro-entrepreneurs for the revival of their livelihood and businesses via our extensive operational network. We are deeply appreciative for our investor's unwavering faith in our organization. Receiving this type of new and fresh money infusion supports any MFI's business model and boosts its confidence exponentially. This will undoubtedly restore investor confidence in the sector."

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