Veritas Finance
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$4.5m | Series A | ||
INR1.2b | Series B | ||
INR550m | Debt | ||
$30.0m | Series D | ||
INR800m | Debt | ||
$46.3m | Series E | ||
$58.8m | Series F | ||
$8.0m | Secondary | ||
* | $146m | Lending Capital | |
* | $28.6m Valuation: $1.0b | Late VC | |
Total Funding | $185m |
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Recent News about Veritas Finance
EditVeritas Finance Private Limited is a financial services company based in India, primarily serving the micro, small, and medium enterprises (MSMEs). These businesses are often overlooked by traditional financial institutions, leaving a significant gap in the market that Veritas aims to fill. The company's mission is to make credit easily accessible to this segment, thereby positively impacting the lives of millions of Indians involved in informal activities.
The company operates in the financial services industry, specifically in the lending sector. Its business model revolves around providing loans to MSMEs, a segment that has been largely underserved by traditional banks and financial institutions. By targeting this niche, Veritas has positioned itself as a key player in the Indian financial landscape.
Veritas Finance generates revenue through the interest it charges on the loans it provides. The company recently secured an investment of INR 1,200 Crore led by Multiples Private Equity, which included a primary issuance of ₹400 crore and provided a partial exit to early investors, British International Investment and Lok Capital.
The company prides itself on its ethical and responsible engagement with people, offering inclusive and sustainable finance through transparent and fair practices. It remains accessible to the underserved segment, particularly the self-employed and small business segment of society.
Keywords: Veritas Finance, financial services, MSME lending, credit accessibility, Indian market, ethical finance, sustainable finance, transparent practices, self-employed finance, small business finance.