Moneyboxx Finance onboards 3 new lending partners, raises INR 1.32 billion in debt capital during Q3 FY25

Moneyboxx Finance Limited (Moneyboxx), a BSE-listed Non-Banking Finance Company that focuses on impact financing by providing business loans to micro entrepreneurs in Tier-III & below places, announced sanction of term loan of INR 500 million from three new lending partners, namely, Indian Overseas Bank, Bajaj Finserv Limited, and Nabkisan Finance Limited in Q3 FY25. Further, INR 820 million was raised from existing lending partners, namely, HDFC Bank, AU Small Finance Bank, Utkarsh Small Finance Bank and Wint Wealth.

The Company is supported by 30 lending partners, including prominent banks like State Bank of India, HDFC Bank and Kotak Mahindra Bank and has raised over INR 10 billion debt to date. Further, BC/CLM lending partnerships with financial institutions provide funding visibility.

Moneyboxx has 160 branches as of December 31, 2024, spanning 12 states in north and south India, up from 100 branches in 8 states as of March 2024, clocking 60% growth in the branch network in nine months.

Shares of Moneyboxx Finance Ltd was last trading in BSE at Rs. 212.05 as compared to the previous close of Rs. 216.00. The total number of shares traded during the day was 21318 in over 272 trades.

The stock hit an intraday high of Rs. 224.70 and intraday low of 205.10. The net turnover during the day was Rs. 4615280.00.

Source : Equity Bulls

Keywords

MoneyboxxFinance INE296Q01012 NewLendingPartners DebtCapital Q3FY25