Capital First (CFL) is planning to raise Rs 350 crore from International Finance Corporation (IFC) through subscription to the company's secured non-convertible debentures (NCD).
The funds will finance company’s growth strategy in the unbanked segments of micro, small and medium enterprises (MSME) and individuals (both self-employed and salaried) that lack adequate access to financial services and it will also help the company to diversify its funding and reduce reliance on bank borrowings.
Capital First is an MSME and consumer financing company which provides debt financing to these segments and also offers home loans, two wheeler loans and durable loans to entry and mid-level salaried employees of corporates.
