Financial Services - Chennai, Tamil Nadu, India
Northern Arc Capital (formerly known as IFMR Capital) is a platform in the financial services sector that addresses the diverse credit requirements of under-served households and businesses by providing efficient and reliable access to debt finance. With a strategic focus on ESG, it is a leading player amongst India's NBFCs. Owing to its platform approach, it draws on massive network effects amongst borrowers and investors. It has a business model diversified across offerings, sectors, products, geographies, and borrower segments. The agile and scalable platform is enabled through the Nimbus system, which provides functional efficiencies and data analytics. Backed by equity investors like LeapFrog, Affirma, Eight Roads, Dvara Trust, Accion, SMBC and IIFL, we work with a large network of originator partners, investor partners and retail lending partners. Our pan-India portfolio is spread across 657 districts in 28 states and seven union territories in the country.We operate with a risk management framework that uses a combination of proprietary quantitative data analytics based on over 22 million unique data points and qualitative field-level insights, that aid credit assessment and monitoring. This is backed by domain expertise built through a decade. Since inception, we have enabled over INR 950bn of funding and have an AUM of over INR 5,200 crore. We have disbursed over 2.5mn loans and are currently disbursing around 400,000 loans every month.
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