New Delhi, Jan. 6 -- SBI Life-owned NBFC stock Paisalo Digital on Tuesday, January 6, announced it had secured Rs.188.5 crore to reduce the cost of funds, strengthen capital efficiency, and scale growth initiatives.

The small-cap NBFC said it had raised the money at an annual ROI of 8.5% through its latest listed issuances in Q3.

In an exchange filing on January 6, the company said: "Paisalo Digital has successfully raised nearly Rs.188.5 crores at an annual ROI of 8.5% through its latest listed issuances in Q3. This raise highlights the company's strong credit profile, disciplined risk management, and robust balance‑sheet strength."

The company said this issuance may meaningfully reduce its cost of funds, strengthen its medium-t...