CDL FINSERV RAISED $2 MILLION IN DEBT AND ANOTHER $1 MILLION IN FORM OF PREFERENTIAL CAPITAL FROM PROMOTER GROUP
CDL Financial Services Pvt Ltd, a prominent player in the non-banking financial sector, has recently announced a significant boost to its financial strength through funding and equity infusion. The company successfully raised $2 million in funding from a consortium of reputable financial institutions including State Bank of India (SBI), UC Inclusive, Usha Financials, and various other lenders.
Furthermore, CDL Finserv has taken a step towards strengthening its equity base by raising ₹8 crore from internal promoters. This equity infusion is aimed at fortifying the company’s capital structure, enhancing its lending capabilities, and supporting its ongoing initiatives to provide innovative and accessible financial solutions.
Mr. Himanshu Arora, Founder and CEO of CDL Financial Services Pvt. Ltd., expressed his gratitude for the support received from SBI, UC Inclusive, Usha Financials, and the other contributing lenders. He highlighted how this funding will enable CDL Finserv to widen its reach, introduce new products, and make a more substantial impact in the non-banking financial sector.
CDL Finserv, known for its customer-centric approach and innovative financial products, has been on a trajectory of steady growth since its inception. This recent infusion of funds and equity not only validates its business model but also positions the company for accelerated expansion.
As CDL Finserv continues to serve the diverse financial needs of micro, small, and medium enterprises (MSMEs) and entrepreneurs, this funding and equity infusion will further strengthen its ability to foster economic growth and financial inclusion across the nation.
The future looks promising for CDL Financial Services Pvt Ltd as it embarks on a journey to empower businesses and individuals with the financial resources they need to thrive in an ever-evolving economic landscape.
The non-banking financial sector has witnessed a notable shift in recent years, with NBFCs like CDL Finserv emerging as preferred choices for businesses and individuals seeking financial assistance. The agility, responsiveness, and customer-oriented approach of NBFCs have made them attractive alternatives to traditional banking institutions. These institutions have demonstrated their ability to provide tailored solutions that address the unique needs of businesses and individuals.
The journey of CDL Finserv from its inception to becoming a sought-after financial partner is marked by resilience, innovation, and a relentless pursuit of excellence. Its success story is not only about monetary gains but also about contributing to the growth and development of the nation’s economic landscape.
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