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German lender DEG invests in supply chain fintech LivFin

Wednesday 4 November 2020 13:03 CET | News

SME-focused supply chain fintech player LivFin has raised Rs 35 crore in equity investment from German development lender DEG for an undisclosed shareholding.

The India-based NBFC, promoted by the SAR Group, started operations in 2018 and plans to break even next year. It offers invoice finance solutions to small and medium enterprises (SMEs) through tailor-made supply chain financing loans.

LivFin has an active loan book of Rs 175 crore and cumulatively disbursed over Rs 1,500 crore till date. Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a German development finance institution that has been into developmental funding for the past six decades, mostly providing funding to private sector enterprises operating in developing and emerging-market countries.


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Keywords: DEG, investment, supply chain finance, fintech, LivFin, invoice finance, India
Categories: Banking & Fintech
Companies:
Countries: India
This article is part of category

Banking & Fintech