India's Kinara raises $14m funding round
Indian non-banking finance company (NBFC) Kinara Capital has raised INR1 billion ($14.3 million) from a group of investors including Gaja Capital, Gawa Capital, the Michael and Susan Dell Foundation, and US-based VC firm Patamar Capital (formerly Unitus Impact Fund).
Kinara operates in eight states, providing non-collateralized loans of INR200,000-2.5 million to Indian small businesses. The NBFC claims its fully digital approach allows an accelerated credit decision...
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