Moneyboxx Finance Secures ₹10 Crore Debt Funding From Eclear Leasing

28 Oct 2020, 12:30 pm · 2145d ago · 1 min read · Indianweb2.com

Amount

₹10 Crore

Stage

Debt

Lead

Eclear Leasing & Finance Pvt. Ltd.

BSE-listed non-banking financial company Moneyboxx Finance has secured ₹10 crore in debt funding from Eclear Leasing & Finance. The fresh capital injection will support Moneyboxx’s target to achieve overall loan disbursements between ₹80 crore and ₹85 crore during the current financial year. Eclear Leasing, which specializes in financing NBFCs and microfinance institutions within the financial inclusion sector, has extended cumulative debt sanctions of ₹18 crore to Moneyboxx to date. The lender, which provides small-ticket business loans to micro and small enterprises across tier-2 and tier-3 towns, aims to raise ₹100 crore in total debt.