Northern Arc Capital Announces $65 Million Funding to Revolutionize Retail Credit in India

Northern Arc Capital, a pioneering financial services platform committed to meeting the diverse retail credit needs of under-served households and businesses across India, has successfully raised ₹650 million in its latest funding round. Founded with a vision to enhance financial inclusion, Northern Arc is registered with the Reserve Bank of India as a Non-Banking Finance Company and has carved a unique niche in the retail credit landscape over the past 14 years. Since its inception in 2009, the company has facilitated financing exceeding ₹1.50 trillion, positively impacting over 80.59 million lives across 682 districts, 28 states, and 7 union territories. The newly acquired funds will bolster Northern Arc's efforts in expanding its offerings across its six targeted sectors: MSME financing, microfinance, consumer finance, vehicle finance, affordable housing finance, and agriculture finance, while also enhancing its focus on climate and renewable financing. Northern Arc stands out not only for its extensive market reach but also for its sophisticated technology ecosystem, which includes Nimbus, nPOS, Nu Score, and AltiFi, designed to streamline credit processing and improve financial accessibility. Currently managing an AUM of over ₹10,000 crores, Northern Arc is poised to leverage this fresh capital to further refine its digital financing solutions through strategic investments and innovations. By continuously evolving their technology-driven approach, Northern Arc aspires to deepen its impact on India's retail credit ecosystem, ensuring that vital financial resources reach those who need them most.