Funding News: NBFC Startup 'Bizloan' bags 35 crore in Series A

Startup:  Bizloan

Founders: Rahul Jain & Abhishek Mishra

About us: BIZLOAN is a mission to provide support to the Micro, Small, and Medium Enterprises when they need it the most. Bizloan has disbursed approximately 774 crore in loans through its 26 branches, supporting over 3,000 entrepreneurs in states like Haryana, Karnataka, Uttar Pradesh, NCR, and Rajasthan.

Founded Year: 2017

Office: Gurugram

Sector: Financial services

Funding Round: Series A

Investors:  Michael & Susan Dell Foundation and BLinC Invest.

Bizloan, an NBFC focused on providing credit solutions to small businesses, has raised 35 crore in its Series A funding round. The newly secured capital will be used to expand its presence in underserved markets, diversify its loan offerings, and invest in advanced technology to optimize lending operations. Bizloan aims to support over 2,500 micro and nano enterprises within the next year, particularly in regions with limited access to traditional financing options.

“This funding will enable Bizloan to accelerate its growth, expand its footprint in smaller towns and cities, and simplify credit access for small businesses that are often overlooked,” said Rahul Jain, CEO of Bizloan.

“Small businesses are essential for economic growth, yet they often face challenges accessing formal credit. This funding is a significant step towards empowering micro and nano enterprises by providing them with the capital and financial tools needed to grow, increase household incomes, and create jobs,” said Rakesh Goyal, Director, Michael & Susan Dell Foundation.

Website: https://bizloanindia.com/