Janalakshmi Financial Services, now Jana Small Finance Bank, started its operations in 2006 as an Indian micro finance institution (MFI) to provide finance for the country’s low-income and underbanked population.
In 2017, the MFI was granted a Small Finance Bank licence, and the rebranded firm began banking operations in March 2018. The Bengaluru-headquartered bank currently has 15,000 direct employees.
It plans to convert most of its existing MFI branches into full-fledged bank branches across 18 states by the end of 2019. This includes 25 per cent of rural branches to serve the unbanked.
Member count: 1-10
Total raised: $435.6M
Investors 2
| Date | Name | Website |
| - | British In... | bii.co.uk |
| - | TPG | tpg.com |
Funding Rounds 4
| Date | Series | Amount | Investors | Deal News |
| 11.09.2017 | - | $161M | - | vccircle.c... |
| 18.04.2016 | - | $210M | - | finsmes.co... |
| 11.01.2016 | - | $50M | CDC Group ... | dealstreet... |
| 20.07.2012 | - | $14.6M | - | vccircle.c... |
Mentions in press and media 21
| Date | Title | Description | Category | Author | Source |
| 11.11.2021 | Fly Hi Fin... | Fly Hi Financial Services Limi... | - | - | marketscre... |
| 07.09.2021 | Marshmallo... | Marshmallow Financial Services... | - | - | marketscre... |
| 07.09.2021 | Marshmallo... | Marshmallow Financial Services... | - | - | marketscre... |
| 24.01.2018 | Janalakshm... | Janalakshmi Financial Services... | Money &... | Our Bureau | thehindubu... |
| 20.01.2018 | MUDRA inve... | The MUDRA (Micro Units Develop... | Money &... | Our Bureau | thehindubu... |
| 10.01.2018 | Janalakshm... | Microfinance company Janalaksh... | Markets | - | thehindubu... |
| 16.09.2017 | This week ... | This week 19 startups received... | - | - | entrackr.c... |
| 11.09.2017 | Bajaj Alli... | Bengaluru-based microlender Ja... | - | Bruhadeesw... | vccircle.c... |
| 11.09.2017 | India: TPG... | Premium Micro finance institu... | - | Ishita Rus... | dealstreet... |
| 17.08.2016 | Lok Capita... | Lok Capital, a venture capital... | - | Bhawna Gup... | vccircle.c... |
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