Fincare is an umbrella holding company, managing financial services businesses that today provide microfinance loans, micro-enterprise loans, and bank partnership loans to emerging consumers at the base of the pyramid. Fincare is a rural-centric financial inclusion platform, and has been one of the highest performing microfinance businesses in India, reporting a three-year annual growth rate of 79% – underscoring the high demand for financial products in the rural segment with assets under management of INR 1,735 crore as of January 2017. Disha Microfin, a Fincare group company, has received in-principle approval from the Reserve Bank of India to become a Small Finance Bank. Indium has been a committed partner to the Company since it first invested in the group companies in 2010. Indium will continue to be a key shareholder in the Company.1. Reaffirms the strong investor interest in the Financial Inclusion story of India
2. Participation by divergent set of investors including global Private Equity funds, Government Organization, Insurance Companies, Family offices and HNIs
3. The first $25mn+ transaction in the financial inclusion space since the “demonetization” event
Edelweiss Financial Services
Advised in the sale of
Fincare
to