Nuveen leads $50m round for India MSME lender Kinara
Kinara Capital, an Indian non-banking financing company (NBFC) that lends to micro, small, and medium-sized enterprises (MSMEs) has received USD 50m in funding led by Nuveen, the impact unit of Teachers Insurance & Annuity Association of America (TIAA).
Other participants included ASN Microkredietfonds, a Dutch microfinance fund advised by impact-focused manager Triple Jump. The new equity funding will support the expansion of Kinara’s products and...
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