Bizz Nextgen Finance Private Limited (BNF), a new-age Non-Banking Financial Company (NBFC) focused on providing secured credit to Micro, Small and Medium Enterprises (MSMEs), has successfully raised ₹215 crore in equity capital from a marquee group of institutional and strategic investors.
The equity funding round was led by Beams Fintech Fund I and its affiliates, Baring Private Equity India Fund 6, Saison Capital Pte. Ltd. and UNLEASH 1st Investment Partnership, along with other investors. The Reserve Bank of India (RBI) has provided prior approval for the transaction.
Founded by Pankaj Poddar, BNF received its RBI Certificate of Registration in September 2025. Since then, the company has focused on building a differentiated, technology-led MSME lending platform targeting underserved and under-penetrated markets.
BNF provides secured credit facilities to MSMEs and aims to deepen access to formal financing for businesses across India.
The fresh capital infusion marks a significant milestone in BNF’s growth journey. The funding will strengthen the company’s capital base and support its plans to scale its secured lending business, expand its geographic footprint and invest further in technology.
Additionally, BNF plans to use the capital to deepen access to formal credit across India’s growing MSME ecosystem, particularly in underserved markets.
Pankaj Poddar, Promoter, Managing Director & CEO, Bizz Nextgen Finance, said, “The successful completion of our ₹215 crore equity raise is a significant milestone for BNF. The confidence demonstrated by marquee institutional and strategic investors reinforces our belief in the opportunity to build a differentiated and responsible MSME lending platform. We are focused on combining disciplined credit underwriting, technology and strong execution to become a trusted financial partner for India’s MSME entrepreneurs. This capital will enable us to accelerate our growth while remaining firmly committed to strong governance, sustainable profitability and long-term value creation for all our stakeholders.”
Meanwhile, the investors highlighted the significant opportunity within India’s underserved MSME lending market.
Sagar Agarwal, Partner, Beams, said, “We are excited to partner with Pankaj and the BNF team in their journey to build a high-quality MSME lending franchise. The significant credit gap in India’s underserved MSME segment presents a compelling opportunity for a differentiated lender with strong underwriting, technology and customer-centricity. We believe BNF is well positioned to build a scalable and sustainable platform and look forward to supporting the Company in its next phase of growth.”
BNF plans to combine technology, disciplined credit underwriting and strong execution to build a scalable and sustainable lending platform.
Debanshi Basu, Partner, Baring Private Equity India, said, “We are very impressed with Pankaj and his extensive experience in the space, especially in the way he is building out BNF in a uniquely differentiated manner—particularly in the way he envisions leveraging technology within a conventional touch-and-feel underwriting product to drive best-in-class, risk-based underwriting decisions while creating a sustainable opex advantage. This approach will create a sustainable competitive advantage as BNF grows its presence. We are very pleased to partner with Pankaj and the BNF team and look forward to supporting the Company as it scales its presence across India’s underserved MSME markets.”
The investment brings together a strong group of institutional investors with expertise across financial services, fintech and growth capital.
Following the completion of the proposed transaction, Beams Fintech Fund I and its affiliates will collectively hold more than 26% of BNF’s paid-up equity share capital on a fully diluted basis.
Importantly, the transaction will not result in any change in the management or day-to-day control of BNF.
With its strengthened capital base and support from institutional investors, BNF is well positioned to accelerate its next phase of growth.
The company aims to emerge as a trusted financial partner for India’s MSME entrepreneurs while expanding its presence across underserved and under-penetrated markets.
