Moneyboxx Finance raises INR 340 million from State Bank of India

Moneyboxx Finance Limited (Moneyboxx), a BSE-listed Non-Banking Finance Company dedicated to impact financing for small and micro entrepreneurs in semi-urban and rural India, has secured a term loan of INR 340 million from the State Bank of India on August 29, 2025.

Commenting on the successful fundraise, Deepak Aggarwal, Co-founder of Moneyboxx Finance Ltd, said, "We are encouraged to receive strong support from India's largest lender, which underscores confidence in our business model and growth trajectory. This additional debt capital will help us further extend our reach in semiurban and rural areas, empowering micro-entrepreneurs with essential financial resources and contributing to their economic advancement."

Moneyboxx is backed by 32 lenders, including leading institutions such as State Bank of India, HDFC Bank, and Kotak Mahindra Bank, and has raised over INR 12 billion in debt funding to date.

Shares of Moneyboxx Finance Ltd was last trading in BSE at Rs. 133.25 as compared to the previous close of Rs. 136.10. The total number of shares traded during the day was 2972 in over 43 trades.

The stock hit an intraday high of Rs. 138.00 and intraday low of 132.50. The net turnover during the day was Rs. 398332.00.

Source : Equity Bulls

Keywords

MoneyboxxFinance INE296Q01012 FundRaising SBI