[Funding alert] Northern Arc raises $50M debt from US DFC

YourStory

Chennai-based digital debt platform Northern Arc on Tuesday announced it has received $50 million in debt financing from US International Development Finance Corporation (DFC).    The first tranche of $25 million was made available in December and the remaining $25 million was disbursed recently.

The funds will be deployed for on-lending to financial institutions, as well as lending directly to retail customers through the co-lending product and to mid-market corporates.

Learn more in this article from YourStory.

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