Bengaluru-based NBFC fintech Techfino has secured ₹65 crore (~$7.5 million) in a fresh equity round led by Stellaris Venture Partners and Saison Capital, the venture arm of Tokyo-listed Credit Saison.
The funding will fuel the company’s ambitions to scale its secured MSME lending operations and deepen its presence in India’s semi-urban markets.
The capital will be deployed to double Techfino’s branch network—from 30 to 60 locations—over the next 12 months, enhance its proprietary tech stack, and build a sizable Loan Against Property (LAP) portfolio targeting micro and small businesses across tier II and III cities.
Founded in 2019 by Rajesh Panda (ex-Standard Chartered), Jayaprakash Patra (ex-ICICI Bank, ING), and Ratikant Satapathy (ex-Bajaj Finance), Techfino operates two core verticals: secured MSME lending through a branch-led model, and unsecured education loans via a B2B2C structure in collaboration with educational service providers.
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Currently active in Karnataka, Gujarat, Madhya Pradesh, and Andhra Pradesh, the company leverages a homegrown technology platform that integrates external APIs to streamline underwriting, verify borrower data, and enhance risk assessment.
Techfino claims to have disbursed over 1 lakh loans, achieved ₹200 crore in AUM, and has remained profitable since inception.
With this fresh funding, the company plans to expand disbursements and double down on building a robust, secured lending engine for Bharat’s underserved enterprises.
