Mufin Green Finance has raised ₹324 crore in an equity funding round backed by institutional and high net worth investors, including Sageone Capital, Sandeep Kapadia, DS Group and the MMG Family Office.
The transaction was led by NVS Corporate Advisors, which acted as the lead banker for the fundraise.
The capital infusion is expected to strengthen the company’s balance sheet and support the expansion of its technology-led lending platforms, including insurance premium financing through BimaPay and salary advance products targeted at government employees.
According to the company, the funding will also help accelerate disbursement growth, improve operational efficiencies, and support its plans to scale multiple fintech-driven credit solutions across its ecosystem.
Mufin Green Finance operates across a portfolio of financial services platforms, including Mufin Pay, Vouchagram India Pvt Ltd, BimaPay and Hindon Mercantile Limited, focusing on credit and financial access for underserved segments.
The company said the participation of institutional and HNI investors reflects growing confidence in its business model and the broader opportunity in technology-led financial services.
The newly raised capital will be deployed to expand lending operations, strengthen product capabilities and deepen market reach as the company looks to scale its digital finance ecosystem.
Mufin Green Finance said it aims to accelerate growth while maintaining a focus on sustainable finance and improving access to credit for customers who remain underserved by traditional financial institutions.
The company added that it expects the strengthened capital base to support its ambition of significantly scaling operations and improving profitability in the coming quarters.