MoneyBoxx is on the mission to deliver easy, cost efficient and technology driven financing solutions to aspiring micro enterprises.

Basic Information

Mumbai, Maharashtra based MoneyBaxx offer hassle free, cost efficient and technology driven financing solutions to the deserving micro enterprises. They believe behind every small business there is a story worth knowing. Their journey started in 2018 with the registration of Moneyboxx Capital Private Ltd as a Private Limited Company. They then then acquired Dhanuka Commercial Ltd, an existing listed NBFC and changed the name of the company to Moneyboxx Finance Ltd. They are committed to providing easy access to financing to the deserving micro enterprises in the tier 2 and tier 3 cities of India with ticket sizes ranging from INR 50,000 to INR 5,00,000. They started their lending operations in February 2019 by opening its first branch in Bharatpur, Rajasthan. Their Salient Features: Micro Clusters - Their target segment is the Micro Clusters within the MSME segment who are at the bottom of the pyramid and have very little access to formal credit but are very important for the overall growth of the MSME sector; Relationship Based Model - They believe in DIRECT to CUSTOMER approach. They engage in a long-term relationship with their customer and do not employ any third-party agents to source business; Human Touch Point - Whilst technology is at the core of their business, they believe in delivering excellent customer service by maintaining a direct touch point with the customers. They possess an OMNI channel delivery model; Human Knowledge and Technology Intelligence - They have successfully amalgamated symbiosis of human knowledge and technology intelligence to deliver quick financing solutions to the deserving micro enterprises; Superior Asset Quality - They believe that a robust credit underwriting standards using the above mentioned approach is key to building a sustainable and profitable business model; Sector Agnostic - They are sector agnostic and spread their risk very cautiously across sector and geographies to mitigate risk of harsh winds that may blow from sector to sector over time. See more

Legal Name

:

Moneyboxx Finance Ltd.

Headquarters

:

Mumbai, Maharashtra , India

Founding Date

:

2018

No. of Employees

:

251 to 500

Core Team

:
1.

Deepak Aggarwal

Co-Founder & Co-CEO

2.

Mayur Modi

Co-Founder & Co-CEO

Funding

Total Funding

$4.7M

Investors

:

1.

InCred

2.

BlackSoil