Non-banking finance firm Dvara KGFS has raised $10 million in debt from Triple Jump Financial Inclusion Resilience Fund and a fund managed by Switzerland-based BlueOrchard Finance Ltd.
The funds can be used for augmenting capital adequacy and accelerating progress in the course of the present monetary 12 months, the NBFC mentioned in a press release.
The Netherlands-based Triple Jump Financial Inclusion Resilience Fund B.V., has invested $5 million as subordinated debt within the type of External Commercial Borrowings with BlueOrchard Finance offering the stability.
“Dvara KGFS aims to provide holistic financial services to its customers, empowering them to enhance their financial well-being and life-time value. The funds raised will enable us to expand our reach and impact, driving financial inclusion in rural areas,” mentioned Dvara KGFS managing director and CEO LVLN Murthy.
