Lending platform Moneyboxx raises Rs 24 crore equity capital in funding

Moneyboxx Finance, which provides business loans to micro entrepreneurs in smaller towns, on Monday said it has raised equity capital of Rs 24 crore by way of private placement from non-promoter investors.

With this funding round, the company said it has raised capital of Rs 48.4 crore in 2022-23 (including warrants of Rs 3.36 crore) and a total capital of Rs 93.5 crore since its inception.