Finkurve Secures Rs 50 Crore NCD Funding from Franklin Templeton
Finkurve Financial Services Limited, a technology-first gold loan non-banking financial company (NBFC) in India, has raised Rs 50 crore through a Non-Convertible Debenture (NCD) issuance from Franklin Templeton. The funding is intended to support the company's next phase of growth and business expansion. The issuance is being executed in two tranches, with the first tranche of Rs 24 crore successfully completed. The second tranche will be completed in due course.
Capital Utilization and Growth Strategy
The capital raised will be utilized to accelerate the company's growth strategy by expanding its lending business, strengthening its operational footprint, enhancing its technology-driven platform, and deepening its presence across existing and new markets. The investment will also support business expansion, strengthen the company's capital base, and enable it to serve a larger customer base through innovative and accessible financial solutions.
Investor Confidence and Milestone
This investment marks another significant milestone in Finkurve's growth journey and builds on the company's previous successful fundraises. It reflects continued investor confidence in Finkurve's strong business fundamentals, prudent risk management practices, and long-term growth strategy as the company continues to scale its operations across India.
CFO Comment on the Development
Commenting on the development, Aakash Jain, CFO of Finkurve Financial Services Limited (Arvog), stated, "Welcoming an institution of this stature is a strong endorsement of the trust we have built through consistent execution, prudent financial management, and a disciplined approach to lending. It reflects the strength of our platform, underpinned by robust governance, sound risk management, and a long-term value creation mindset."
Co-Lending Partnership with Godrej Finance
Further to its previously announced strategic partnership with Godrej Finance Limited (GFL), a subsidiary of Godrej Capital, Finkurve Financial Services Limited has operationalized the co-lending arrangement. This enables both entities to jointly offer gold loan products under the Reserve Bank of India's co-lending framework.
Company Background and Reach
Finkurve started its gold loan journey in FY21 and has since served over 50,000 customers through a network of more than 115 branches across four states in Southern India. The company is positioning itself as a leading gold loan NBFC. It also offers personal loans and SME loans, expanding its financial solutions through partnerships with fintech companies. With a growing presence across India, Finkurve remains committed to providing accessible, technology-driven financial services to a broad customer base.
