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Regulated by the Reserve Bank of India, Arthan Finance is a nonbanking financial company based in Mumbai that provides working capital and microloans to shop owners and microentrepreneurs. The firm utilizes artificial intelligence and machine learning to underwrite and disburse secured and unsecured credit products to small businesses lacking traditional credit histories. Operating a network of over 50 branches across four Indian states, the company manages assets under management of approximately INR 130 crore and generates over 18 million dollars in revenue with 185 employees. Arthan Finance has raised more than 8 million dollars in total funding, including a Series B round in June 2024 led by the Incofin India Progress Fund and the Michael and Susan Dell Foundation. It was founded in 2018 by Kunal Mehta, Pravash Dash, Gowrisankar Rao Alamanda, Pramod KB, and Rupesh Kalokhe.
Arthan Finance has raised $6.0M across 1 funding round.
Arthan Finance has raised $6.0M in total across 1 funding round.
Arthan Finance has raised $6.0M in total across 1 funding round.
Arthan Finance's investors include Incofin, Michael & Susan Dell Foundation.
Arthan Finance has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Series B in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 11, 2024 | $6M Series B | Incofin, Michael & Susan Dell Foundation | — | Announced |
