Fintech firm focused on small and medium enterprises, LivFin, has raised $5 million in an equity funding round led by German development finance institution DEG. The fresh capital will help the company to double its equity base and would allow it to raise more debt.
Founded in 2017, Delhi-based LivFin is promoted Family Office of Rakesh Malhotra along with Financial Industry veterans. It is known to provide digital lending services to SME’s in India. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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