Moneyboxx Finance has opened a new branch in Haryana. The company now has a 31-branch network in five states - Rajasthan, Punjab, Haryana, Madhya Pradesh, and Uttar Pradesh. The company plans to strengthen its presence and customer reach by doubling its branch network to 60 and build AUM of over Rs 400 crore by FY23.
The new branches will address the unmet credit needs of underserved micro enterprises. Moneyboxx drives financial inclusion by providing credit for income generation to underserved micro enterprises in Tier-Il and Tier-Ill regions in India. Since its inception, Moneyboxx has transformed lives of more than 16,000 borrowers with cumulative disbursements of over Rs 216 crore up to May 2022.
Moneyboxx Finance is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.
