Finova Capital

Finova, founded in Jaipur in 2016 by experienced bankers is a regulated financial institution lending to micro small –medium enterprises (MSME) with 10-20 employees engaged in income generating activities.

Investment rationale

MSME secured lending addresses India’s estimated USD 219 billion MSME credit gap. 

The portfolio has grown over 25x in 7 years with low leverage, proving scalability and reducing borrowing costs due to better credit rating. 

Strong likeminded investors on board as Sequoia, Faering, and Norwest (Wells Fargo).

Country:  India

Website: https://www.finova.in/

Responsible partner: David Paradiso

Fund: Maj Invest Financial Inclusion Fund III K/S