Avanti Finance is a technology-led non-banking finance company (NBFC)

Basic Information

Avanti Finance is a digital platform that facilitates a paperless, presence-less, and cashless approach to lending aimed towards reducing costs and friction for unserved and underserved segments, especially in rural India. It partners with a diverse set of organizations, rooted in local communities, to offer loan products that are hyperlocal and focused on livelihood sustainability. Avanti reaches 21 states covering 200 districts and is looking at expansion. In October 2021, the NBFC raised a tranche of $15 million (Rs 111 crore) in its Series A round from existing investors Oikocredit, Nomura, The Bill & Melinda Gates Foundation and Dr. K R Shroff Foundation. See more

Legal Name

:

Avanti Finance Private Limited

Headquarters

:

Bengaluru, Karnataka, India

Founding Date

:

2017

No. of Employees

:

41 to 60

Core Team

:
1.

Rahul Gupta

Chief Executive Officer

2.

Lalitesh Katragadda

Chief Product & Technology Officer

3.

Nagaraj Subrahmanya

Chief Risk Officer

Funding

Investors

:

1.

Bill & Melinda Gates Foundation

2.

Dr K R Shroff Foundation

3.

Oikocredit International

See More

Detail Round Breakdown

Round 1

$15M

Series Name

:

SERIES-A

Date

:

28th Oct 2021

Investors

:
1.

Oikocredit International

2.

Nomura

3.

Bill & Melinda Gates Foundation

See More