Bizloan, an NBFC focused on providing credit solutions to small businesses, has raised Rs. 35 crore in its Series A funding round. The investment was led by the Michael & Susan Dell Foundation and BLinC Invest, with Resurgent India acting as the company’s advisor, according to a statement from Bizloan.

The newly secured capital will be used to expand its presence in underserved markets, diversify its loan offerings, and invest in advanced technology to optimize lending operations. Bizloan aims to support over 2,500 micro and nano enterprises within the next year, particularly in regions with limited access to traditional financing options.

“This funding will enable Bizloan to accelerate its growth, expand its footprint in smaller towns and cities, and simplify credit access for small businesses that are often overlooked,” said Rahul Jain, CEO of Bizloan.

He added that investing in technology will enhance operational efficiency, and the backing of experienced investors will help the company develop sustainable talent to achieve its vision.

Bizloan has disbursed approximately Rs. 774 crore in loans through its 26 branches, supporting over 3,000 entrepreneurs in states like Haryana, Karnataka, Uttar Pradesh, NCR, and Rajasthan.

“Small businesses are essential for economic growth, yet they often face challenges accessing formal credit. This funding is a significant step towards empowering micro and nano enterprises by providing them with the capital and financial tools needed to grow, increase household incomes, and create jobs,” said Rakesh Goyal, Director at the Michael & Susan Dell Foundation.