Mufin Green Finance has closed its maiden Pass Through Certificate (PTC) transaction of ₹25 crore, backed by Aditya Birla Capital Limited, for its mediclaim financing portfolio built through LSP partner Bimapay Finsure Private Limited. The underlying pool has received an A+ rating from CRISIL.
The transaction marks the New Delhi-based NBFC's entry into structured finance-led fundraising, and comes as mediclaim financing gains traction as a retail credit category in India. The company said the deal is aimed at building a scalable capital framework to support future growth in the segment.
Kapil Garg, MD at Mufin Green Finance, said: "Healthcare financing is steadily emerging as an important component of India's evolving retail lending ecosystem. As health insurance adoption increases across the country, there is a growing need for financing solutions that make premium payments more accessible and manageable for customers. Mediclaim financing has the potential to play a meaningful role in improving affordability and enabling wider participation in the health insurance ecosystem. The successful closure of our maiden ₹25 crore PTC transaction marks an important milestone for Mufin Green Finance. The participation of Aditya Birla Capital and the A+ rating from CRISIL provide strong validation for both the quality of the underlying portfolio and the long-term opportunity within this segment. This transaction strengthens our funding profile and lays a strong foundation for scaling our mediclaim financing business further."
As of March 2026, Mufin Green Finance's AUM stands at approximately ₹1,500 crore. The company said it will continue to deepen institutional partnerships and diversify its liability mix as it expands across high-potential lending segments.