Quona Capital leads $12.8 million equity round for India small business lender SMEcorner

Mumbai-based lender SMEcorner has raised 90 crore ($12.8 million) in a round led by global fintech investor Quona Capital. Quona put in 35 crore ($5 million) from its Accion Frontier Inclusion Fund; existing investors, including Accion Venture Lab, invested the balance. The firm also raised an undisclosed amount of debt from financial institutions.

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