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Prayaan Capital Private Limited is a Chennai-based NBFC that lends to micro, small, and medium-sized enterprises (MSMEs)
Prayaan Capital Private Limited was incorporated in December 2018. The company has its registered office and corporate office in Chennai and its target segment is MSMEs in the manufacturing and services sector. Their target customers include small to medium sized stores, traders, and small manufacturing units. It offers small business loans from USD $1,500 to USD $30,000 and focuses on micro and small businesses, often referred to as the 'missing middle'. This segment is not serviced by formal financial institutions, neither microfinance companies due to their small ticket size or by banks due to their need for documentation and higher ticket size. In Februaray, 2020 the company raised USD $1.2 million seed investment in a round led by Accion Venture Lab.
Legal Name
:
Prayaan Capital Private Limited
Headquarters
:
Pammal, Tamil Nadu, India
Founding Date
:
2018
No. of Employees
:
21 to 40
Core Team
:
1.
Madhan Mohan
Founder and CEO
Total Funding
$1.2M
Investors
:
1.
Accion Venture Lab
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