New Delhi, Jan. 12 -- SSA Finserv is an NBFC that addresses the capital needs of MSMEs. The startup has raised $3 million from Blue Ashva Sampada Fund to expand its lending operations. The company will use the funds in a phased manner to expand its presence in tier-I and tier-II cities. It will also enhance its existing network that will help MSMEs to gain access for their working capital needs.

"The MSME segment forms the mainstay of the economy. The exclusion of a sizeable number of MSMEs from formal lending ecosystems and the credit crunch in the sector has impacted their growth. The investment from Blue Ashva Capital will further reaffirm our commitment to become the preferred financial partner for MSMEs," said Vikas Agarwal, MD & CE...