India - based micro lender, Fusion Microfinance, has raised Rs 162 crore (about $24m) in Series D funding led by US-based private equity firm Creation Investments.
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Fusion Microfinance secures $24m Series D
The funding will help Fusion Microfinance to continue its organic growth momentum as well as consider interesting inorganic opportunities in the microfinance and new products, it said. "The microfinance sector shows substantial opportunities with a positive regulatory landscape and a strong push for financial inclusion from the Central government. The long-term nature of our strategy enables us to target these opportunities," Devesh Sachdev, chief executive and co-founder of Fusion said.
