Janasha Finance Raises USD 2.5 Million in Debt Funding Led by Au Small Finance Bank & Others

Janasha Finance, an advocate for financial inclusion, secures USD 2.5 million in debt funding, led by Au Small Finance Bank and other institutional lenders. Operating under the brand LoanKuber, Janasha Finance aims to transform mortgage lending for underserved sectors in India. The funding will facilitate the expansion of the company’s assets under management (AUM) and enhance its technological capabilities. Janasha Finance employs a managed marketplace model, combining technology and social responsibility to empower micro, small, and medium enterprises (MSMEs) and semi-skilled professionals often neglected by traditional financial institutions. The company utilizes data mining and analytics to unlock the economic value of semi-urban and rural properties, offering access to formal credit for small business owners. Founded in 2018 by Saurabh Nagpal and Saumya Nagpal, Janasha Finance aims to serve the underserved MSMEs and drive financial well-being for low-income communities. With this funding, the company plans to onboard 5,000 MSMEs over the next 18 months and deliver a profit of INR 8-10 crores in FY25. Jayesh Shah of Mavuca Capital Advisors expresses excitement about supporting Janasha Finance’s mission to revolutionize mortgage lending for underserved communities. Previously, the company raised US$4 million in funding, with participation from various investors.