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Fusion Microfinance
company
About
Fusion Microfinance is a New Delhi-based micro-lending startup aiming to provide underprivileged women with economic opportunities.
- 251 - 500
Details
- Last Funding Type
- Series C
- Last Funding Money Raised
- $8.30M
- Industries
- Banking,Finance,Financial Services,FinTech
- Founded date
- Jan 1, 2010
- Number Of Employee
- 251 - 500
- Operating Status
- Active
Fusion is head quartered in New Delhi and is operational in the less penetrated North Central part of India (Madhya Pradesh, Uttarakhand, Uttar Pradesh, Delhi and Haryana). The company started its Greenfield operations in January 2010 and further augmented it by acquiring the microfinance division Aajeevika (a not for profit body operating in Delhi). At the time of acquisition Aajeevika had a base of 1280 members with a loan book of Rs 6.3 million.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
1
$8.30M
Fusion Microfinance has raised a total of
$8.30M
in funding over 2 rounds. Their latest funding was raised on
Jun 25, 2015 from a Series C round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jun 25, 2015 | Series C | $8.30M | 1 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
—
1
Fusion Microfinance is funded by 1 investors.
Belgian Investment Company for Developing Countries
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
|
— | Series C |
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