Electronica Finance Secures Leapfrog Funding for Growth

Electronica Finance Limited (EFL) recently secured a substantial $48 million in Series B funding from LeapFrog Investments and Aavishkaar Capital. This injection of capital will fuel the expansion of EFL's MSME credit, rooftop solar financing, and microloan-against-property (LAP) businesses. Founded in 1990, EFL has seen significant growth in its assets under management (AUM) over the past five years, with a current AUM exceeding $480 million. The company's commitment to providing sustainable financial inclusion for small businesses in India has garnered the support of leading social impact investors. With a focus on technology-based solutions and financial support for MSMEs, EFL aims to drive economic growth and resilience in India's small business sector. The funding secured from LeapFrog Investments and Aavishkaar Capital will not only strengthen EFL's balance sheet but also pave the way for further rapid expansion, creating opportunities for job creation and community support. This investment underscores the importance of inclusive development and gender equality in the financial sector, aligning with the 2X Challenge to support businesses that promote empowerment and resilience.