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Satya MicroCapital
About
Satya MicroCapital is a micro finance company based on a group lending model that allows borrowers to share liability.
- 251 - 500
Details
- Last Funding Type
- Debt Financing
- Last Funding Money Raised
- ₹420M
- Industries
- Consumer Lending,Financial Services,Micro Lending
- Founded date
- Jan 1, 2017
- Number Of Employee
- 251 - 500
- Operating Status
- Active
Satya MicroCapital is an NBFC-MFI that offers collateral-free credit to micro enterprises on the basis of strong credit assessment and a centralized approval system. The company started its microfinance operation in Sikandrabad Branch, Bulandshar District of Uttar Pradesh and the first token disbursement was done in November 2016. SATYA utilized demonetization as an opportunity to rework on the business strategy through cashless transactions. SATYA is an institution built with a vision of change and transformation and will be a differentiator in the financial inclusion space its approach is well recognized by industry experts and professionals across different sectors.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jan 20, 2022 | Debt Financing | ₹420M | 1 |
responsAbility
|
— | Detail |
| Aug 18, 2021 | Debt Financing | ₹1.35B | 1 | — | — | Detail |
| Sep 24, 2018 | Series Unknown | ₹400M | 2 |
responsAbility
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
responsAbility
|
Yes | Debt Financing |
|
|
Yes | Series Unknown |
