Raises ₹60 Crore via NCDs from Choice Finserv, Vakrangee and Vivriti Capital

Moneyboxx has raised ₹60 crore through Non-Convertible Debentures subscribed by Choice Finserv, Vakrangee and Vivriti Capital.

Mon 28 Sep 2026

Fund Raised

₹60 crore through Non-Convertible Debentures

Coupon Rate

10.75% per annum

Tenor

2 years

Credit Rating

BBB/Stable by CRISIL/India Ratings

Subscribers

Choice Finserv, Vakrangee and Vivriti Capital

What was announced

Moneyboxx Finance, a non-deposit taking NBFC lending to micro and small enterprises, issued a press release saying it has raised ₹60 crore through Non-Convertible Debentures (NCDs). NCDs are debt instruments: investors lend money to the company for a fixed period at a fixed interest rate, and they cannot be converted into shares.

Terms of the issue

• Subscribers: Choice Finserv, Vakrangee and Vivriti Capital
• Coupon: 10.75% per annum
• Tenor: 2 years
• Secured, rated BBB/Stable by CRISIL/India Ratings

Intended use

The company says the fresh debt capital will fund its growing disbursement pipeline across four business lines: secured MSME lending, livestock finance, rooftop solar finance and digital lending. Alongside its branch-led business, it is scaling partnership-led origination channels including Bachatt for digital lending, Akshayakalpa for dairy and livestock finance, and Loom Solar for rooftop solar finance.

Company commentary

Management states that portfolio quality has been strengthened with a higher proportion of secured lending, larger average ticket sizes and an improved borrower credit profile, and that it expects momentum in disbursements and AUM growth in the coming months. These are forward-looking statements from the company, subject to risks and uncertainties as noted in its own disclaimer.

How investors may read it

For a lending business, access to funding is the raw material for growth, so a debt raise can be seen as supporting expansion plans. At the same time, borrowed funds carry a fixed interest cost of 10.75% a year, which the lending book needs to cover through its own yields.

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