Moneyboxx Finance has planned for equity capital raise of over Rs 75 crore by way of preferential allotment to HNIs, family offices and individual investors in its board meeting conducted on November 10, 2023. The proposed equity funding will almost double its existing capital base and provide a strong boost to its expansion plan and business growth.
The Company, which drives financial inclusion by providing business loans to micro entrepreneurs in rural India, targets to expand its branch network to 100+ from current 80 branches across 7 states by March 2024.
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.
