Electronica Finance Ltd, which provides loans to micro, small and medium enterprises (MSME), Thursday said it has raised $48 million (Rs 400 crore) in a Series B funding round.

Two business leaders from India's leading NBECs discussed initiatives to improve SME and MSME lending process: small businesses in India often struggle with a lack of financial data and discipline necessary for credit assessment.

Electronics Finance Limited (EFL), a leading Non-Banking Financial Company (NBFC) specializing in MSME lending has made a significant foray into the Telangana market by inaugurating seven branches in Warangal and Suryapet.

Electronic Finance Limited (EFL), a Non-Banking Financial Services Company (NBFC), has recently entered the Telangana market.

Electronica Finance Limited (EFL), a Pune-based non-banking financial company (NBFC) specializing in financing MSMEs, is excited to announce its entry into the Telangana market.

Swiss impact investor Ability Investments AG has signed a $15 million funding agreement with non-bank lender Electronica Finance to promote green financing in India as part of its sustainability goal.

EFL is looking forward to offering its Loan Against Property product in Telangana, after already offering in Gujarat, Rajasthan and Madhya Pradesh markets.

To cater to the aspirations of small businesses by offering seamless credit facility in the most transparent manner