Chennai-based affordable housing finance firm Aham Housing Finance has raised Rs 30 crore in a new round from Negen Capital.
With 20 branches, the firm plans to use the new capital to strengthen its field network and automate its operations across the organisation.
Aham Housing Finance typically provides loans ranging between Rs 10 and 15 lakh for self-constructed homes, serving families with three to four members in metro city outskirts and Tier II and III cities.
Specialising in the informal market segment, the housing finance company differentiates itself by relying on its proprietary underwriting tools to onboard customers who have a limited credit history but display predictable behaviour.
Recently, Vridhi Home Finance, a tech-enabled brick and mortar housing finance company, raised Rs 150 crore in a Series A round led by Elevation Capital.