Beams Fintech Fund secures $22m for NextGen Finance
Beams Fintech Fund leads an equity round in MSME-focused NBFC Business Nextgen Finance, acquiring a 26% stake with backing from Baring PE India and Saison Capital.
Beams Fintech Fund has led an equity round in Business Nextgen Finance, a non-banking financial company (NBFC) focused on micro, small and medium enterprises (MSMEs). The investment, worth $22m, has given Beams Fintech Fund a 26% stake in the company. The round was backed by Baring PE India and Saison Capital, according to Finextra.
Business Nextgen Finance is an NBFC that provides financial services to MSMEs. The company has received significant investment from Beams Fintech Fund, which has acquired a substantial stake.
The investment round was led by Beams Fintech Fund, with participation from Baring PE India and Saison Capital. No further details on the investment or the company's plans have been disclosed.
Brief written by urgent.news from Finextra, Straits Times Business — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
