Finodaya Capital: 10 Key Things You Must Know

Overview

Finodaya Capital, a burgeoning non-banking financial company (NBFC), has been making waves in the financial sector since its inception in 2024. Based in Madhya Pradesh, India, the company specializes in providing lending solutions to micro and small enterprises, a segment often underserved by traditional banking systems. Recently, Finodaya Capital secured significant seed funding, positioning itself for substantial growth. This article explores ten pivotal aspects of Finodaya Capital that highlight its innovative approach and strategic significance in the financial landscape.

1. Founding and Vision

Founded by experienced banking professionals Abhitabh Dixit, Lokendra Tomar, and Neeraj Biyani, Finodaya Capital Private Limited aims to bridge the gap in financial services by focusing on micro and small enterprises. With backgrounds in major banks such as ICICI, the founders bring a wealth of knowledge and a vision to transform the lending landscape through innovative strategies and technology integration.

2. Focus on Micro and Nano Enterprises

Finodaya Capital targets micro and nano enterprises that are typically neglected by conventional banks. These businesses often resort to costly borrowing due to a lack of better options. Finodaya aims to provide fair financing solutions to help these enterprises transition into the formal financial sector, enhancing their credit profiles and facilitating their growth.

3. Innovative Phygital Model

The company employs a 'phygital' approach, integrating physical branch networks with digital infrastructure. This dual method ensures efficient underwriting and disbursal of secured microloans against property, combining the reliability of a physical presence with the speed and accessibility of digital services.

4. Strategic Seed Funding

In a significant development, Finodaya Capital raised $2.5 million from White Venture Capital and Gemba Capital. This infusion positions the company to expand its operations, particularly by setting up 15 new branches in Madhya Pradesh and enhancing its lending capacity to reach loan disbursals of INR 50–100 crore by 2026.

5. Regulatory Endorsement

The Reserve Bank of India granted Finodaya Capital its NBFC license on April 11, 2025. This milestone allows the firm to operate independently within the financial regulatory framework, offering more comprehensive financial services and expanding its reach in the market.

6. Finodaya Capital Pvt Ltd Indore

Based in Indore, Finodaya Capital's operations are grounded in a region known for its burgeoning business landscape. This location serves as a strategic base of operations, providing access to a diverse clientele of small enterprises seeking financial support.

7. Finodaya Capital Private Limited Goregaon

Finodaya Capital's presence is not limited to central India; it has expanded its operations to Goregaon in Mumbai, a dynamic and economically vibrant area. This strategic expansion allows the company to tap into the significant market potential of India's financial hub.

8. Co-Lending Partnerships

To amplify its financial reach, Finodaya Capital explores co-lending partnerships with established financial institutions like Utkarsh Small Finance Bank. Such collaborations enhance the company's ability to offer diverse lending solutions and improve financial accessibility for small businesses.

9. Technology Integration

At the core of Finodaya Capital's operations is the integration of advanced technology. From digital lending platforms to robust customer management systems, technology facilitates seamless service delivery and enhances customer experience.

10. Empowering Growth

Finodaya Capital is committed to empowering small businesses by providing secure access to credit and fostering financial inclusion. The company's efforts contribute to the broader economic growth by facilitating business expansion and stability.

Conclusion

Finodaya Capital stands out in the burgeoning FinTech space by catering to the underserved segment of micro and nano businesses with innovative financial solutions. Through strategic partnerships, technological integration, and a focus on market expansion, the company is poised to create lasting impacts. By bridging financial gaps and supporting business growth, Finodaya Capital not only furthers its mission but also adds significant value to India's economic landscape.