India, April 21 -- Non-banking financial company (NBFC) Finodaya Capital has raised $2.5 Mn (around INR 21.3 Cr) in its seed funding round led by White Venture Capital, along with participation from Gemba Capital and a clutch of angel investors.

Finodaya received its NBFC licence from the Reserve Bank of India (RBI) last week.

"Business loans to micro and nano enterprises is a fast growing market which needs tailor made solutions to fulfil its credit needs, we strive to bridge this gap by working on a High Touch - High Tech model offering customised secured lending solutions," Finodaya said in a LinkedIn post.

This investment will fuel the company's vision to " work towards building a fair, transparent, and customer-first NBFC," the po...