Gurugram, 28th January 2025 – Bizloan, a non-banking finance company (NBFC) dedicated to providing credit solutions for small businesses, has successfully raised INR 35 Crores in Series A funding. The Michael & Susan Dell Foundation and BLinC Invest led the investment round. Resurgent India acted as an advisor to Bizloan for this round.
This funding will enable Bizloan to expand its reach in underserved markets, enhance its suite of loan products, and invest in cutting-edge technology to streamline its lending operations. The company’s goal is to empower 2,500+ micro and nano enterprises in the next 12 months, particularly in regions with limited access to traditional financing options. Bizloan has already made a notable impact in the MSME sector, disbursing approximately INR 774 crore in loans across 26 branches. To date, Bizloan has provided financial support to more than 3,000 entrepreneurs in key regions, including Haryana, Uttar Pradesh, NCR, Karnataka, and Rajasthan.
Rahul Jain, Chief Executive Officer & Co-Founder of Bizloan Private Limited, stated, “The current round of investment shall help the Company enter the next phase of fast-paced growth by expanding its footprint in BharatThis funding round will also enable us to fulfill our objective of simplifying credit for small businesses, which remain underserved, particularly in smaller towns and cities. We are actively investing in technology as a driver for better operational efficiency. The pedigree of investors on board shall also help us to develop and nurture sustainable talent which will further help us achieve the vision of our company.”
Amit Ratanpal, Founder and Managing Director, BLinC Invest commented on this partnership, “Indian Tier II and Tier III cities are witnessing a high growth rate and increasing urbanization, creating a high need for micro-entrepreneurs to expand their business- resulting in a monumental credit gap. Our partnership with the Bizloan Team aims to support these entrepreneurs in powering the Bharat growth engine with their technology-focused and innovative underwriting approach.”
Rakesh Goyal, Director of Michael & Susan Dell Foundation, said, “Supporting small businesses is crucial for economic growth, but their access to formal credit remains limited. This funding marks a crucial step forward in our mission to empower micro and nano enterprises, providing them with the capital and financial tools they need to fuel business growth, increase household incomes, and create employment opportunities.”
Leveraging robust cashflow underwriting capabilities and innovative credit assessment models, Bizloan is unlocking new avenues for sustainable growth in India’s vibrant entrepreneurial ecosystem. Known for its innovative approach to credit assessment, Bizloan employs the ABC (Asset, Behaviour, Cashflow) methodology to evaluate borrowers, most of whom come from informal income backgrounds or are new to credit. With this funding boost, Bizloan is poised to scale its operations, introduce new financial products, and empower even more small businesses across India, driving growth in the nation’s dynamic entrepreneurial ecosystem.
