Radian Finserv, the RBI-approved gold loan Non-Banking Financial Company (NBFC), is setting its sights on a substantial expansion in different states, with a primary goal of empowering Micro, Small, and Medium Enterprises (MSMEs). In a strategic move to bolster its presence in underserved regions, the company is actively seeking funding of ~INR 120 cr. in funding to fuel this endeavor.
Radian Finserv, recently secured a substantial USD 1.3 million in funding from close associates and family members. This investment reflects their strong belief in the company’s vision and growth prospects. With a robust growth trajectory and a clear vision of promoting financial inclusivity, Radian Finserv aims to become a catalyst for economic development in the heart of India. The infusion of funds will play a pivotal role in broadening their reach and enhancing their service offerings to cater to the unique needs of MSMEs in rural and semi-urban areas.
Sumit Sharma, the founder of Radian Finserv, stated, “Our commitment to empowering the backbone of our economy, the MSME sector, remains unwavering. The proposed funding will enable us to bridge financial gaps, offer competitive solutions, and drive inclusive growth, thus contributing significantly to the country’s economic prosperity.”
This strategic move solidifies Radian Finserv’s dedication to financial inclusion, fostering entrepreneurship, and facilitating economic resilience in India’s thriving MSME landscape. The company invites potential investors and partners to join hands in this transformative journey toward a financially empowered India.
About Radian Finserv:
Radian Finserv is an RBI approved loan non-banking financial company (NBFC) headquartered in Bengaluru. Radian currently offers gold loan services through customer doorstep services and dedicated 36 branches across six states.
