NBFC firm Digikredit Finance Pvt. Ltd, which operates and lends under the brand name SMEcorner, has raised 90 crore from Accion Frontier Inclusion Fund managed by Quona Capital and Accion Venture Lab.
It intends to use the new round of funding for geographical expansion with 40 new tier-2 and tier 3 cities targeted in the next one year. The funds shall also be utilised to further simplify the technology front for its customers.
With that, SMEcorner has raised around ₹200 crore in debt and equity and plans to raise another ₹300 crore by the end of next fiscal.