Satya MicroCapital
Date | Investors | Amount | Round |
---|---|---|---|
INR160m | Seed | ||
N/A | INR115m | Early VC | |
* | $13.9m | Early VC | |
$9.7m | Debt | ||
$20.9m | Early VC | ||
$18.2m | Debt | ||
INR420m | Debt | ||
* | $8.0m | Debt | |
* | $7.0m | Early VC | |
* | $35.0m | Lending Capital | |
* | $6.4m | Lending Capital | |
* | $60.0m | Lending Capital | |
Total Funding | CAD62.0m |
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EditSatya MicroCapital Limited is a microfinance institution dedicated to empowering underserved communities by providing financial services to micro-entrepreneurs. Operating primarily in rural and semi-urban areas of India, the company targets individuals at the bottom of the economic pyramid who lack access to traditional banking services. Satya MicroCapital employs a unique business model that combines group lending with individual loans, ensuring both social and financial inclusion. The company generates revenue through interest on loans and service fees, while also focusing on capacity building and social awareness programs to enhance the financial literacy and entrepreneurial skills of its clients. By leveraging cutting-edge technology for real-time data management and reducing turnaround times, Satya MicroCapital aims to create a transparent and efficient ecosystem. The company's vision is to uplift 5 million households by 2025, fostering trust, transparency, and technological advancement within its operations.
Keywords: microfinance, underserved communities, entrepreneurship, rural India, financial inclusion, group lending, capacity building, real-time data, socio-economic upliftment, financial literacy.