Satin Creditcare Network (SCNL) has partnered with Kora Management to take the next leap in Digital Financial Services. Kora Management LP (Kora) - a global emerging markets investment firm - has made an equity investment of Rs 800 million ($12.5 million) in SCNL to support the company’s growth and digital initiatives as a financial services provider to rural and semi-urban India. The investment by Kora is part of the recently concluded capital raise of Rs 2,050 million ($31.5 million) through a preferential allotment.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.
