Credifin Secures $25 Million in Equity and Debt Funding to Boost Expansion
Credifin Limited, formerly PHF Leasing Limited, has successfully raised Rs 213.6 crore (approximately US$24.9 million) through a mix of equity and debt funding to accelerate its growth in the financial services sector. The funding structure comprises around 6.7% equity and 93.3% debt.
A Non-Deposit-Taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India since 1998, Credifin is listed on the Metropolitan Stock Exchange of India. Headquartered in Jalandhar with a corporate office in Delhi-NCR, the company specializes in secured mortgage loans against immovable property (Loan Against Property or LAP) and financing for electric vehicles, including E-rickshaws, E-loaders, and electric two-wheelers.
Credifin has recorded strong growth over the past four years and is currently expanding its footprint by strengthening existing branches, entering new markets, and introducing new lending products to serve underserved customer segments.
The capital infusion will help the company sustain its momentum, broaden product offerings, and reach communities with limited or no access to formal credit channels.
The debt portion of the funding has been sourced from a combination of existing and new lenders. New institutions backing Credifin include Northern Arc Capital, ESAF Small Finance Bank, ICICI Bank, Kissandhan Agri Financial Services, Electronica Finance Limited, and Maanaveeya Development & Finance.
Existing partners such as State Bank of India, AU Small Finance Bank, Cholamandalam Investment and Finance, SMC Moneywise, Vivriti Capital, MAS Financial Services, Shriram Transport Finance, Unicom Fincorp, and SK Finance continue to support Credifin’s journey.
Managing Director Shalya Gupta expressed gratitude to all lending partners and highlighted the pivotal role played by the company’s 1,700-member dealer network and 700-strong workforce.
Gupta also noted that over 80% of the company’s collections now occur via digital payment channels, powered by Credifin’s robust IT infrastructure. He reaffirmed the company’s mission of promoting financial inclusion and serving low-income and under-penetrated segments across India.
A Non-Deposit-Taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India since 1998, Credifin is listed on the Metropolitan Stock Exchange of India. Headquartered in Jalandhar with a corporate office in Delhi-NCR, the company specializes in secured mortgage loans against immovable property (Loan Against Property or LAP) and financing for electric vehicles, including E-rickshaws, E-loaders, and electric two-wheelers.
Credifin has recorded strong growth over the past four years and is currently expanding its footprint by strengthening existing branches, entering new markets, and introducing new lending products to serve underserved customer segments.
The capital infusion will help the company sustain its momentum, broaden product offerings, and reach communities with limited or no access to formal credit channels.
The debt portion of the funding has been sourced from a combination of existing and new lenders. New institutions backing Credifin include Northern Arc Capital, ESAF Small Finance Bank, ICICI Bank, Kissandhan Agri Financial Services, Electronica Finance Limited, and Maanaveeya Development & Finance.
Existing partners such as State Bank of India, AU Small Finance Bank, Cholamandalam Investment and Finance, SMC Moneywise, Vivriti Capital, MAS Financial Services, Shriram Transport Finance, Unicom Fincorp, and SK Finance continue to support Credifin’s journey.
Managing Director Shalya Gupta expressed gratitude to all lending partners and highlighted the pivotal role played by the company’s 1,700-member dealer network and 700-strong workforce.
Gupta also noted that over 80% of the company’s collections now occur via digital payment channels, powered by Credifin’s robust IT infrastructure. He reaffirmed the company’s mission of promoting financial inclusion and serving low-income and under-penetrated segments across India.
