India, May 13 -- Digital lending startup Stashfin has secured INR 78.8 Cr (around $9.3 Mn) debt from investors, including Northern Arc and Coinmen Special Opportunities Fund, in multiple tranches since January.

The NBFC raised the capital through a combination of secured, listed non-convertible debentures (NCDs), pass-through certificates and commercial papers, as per regulatory filings sourced from the Registrar of Companies (RoC).

The remaining capital was ploughed in by Asvanta Financial Consultants, Infixin Technologies, AlgoBulls Technologies, among others.

The fintech startup plans to use the fresh capital to meet its capital expenditure (capex) requirements and extend credit to borrowers, its cofounder and CEO Tushar Aggarwal to...