SKS Microfinance
Latest round
- Series A
Last raised
- Mar 2006
Total raised
- $2.5M
Investors
- 2
About SKS Microfinance
SKS Microfinance, founded in 1997 and headquartered in Hyderabad, India, operates primarily in the microfinance sector, offering personal loans tailored for individuals in low-income brackets. The company has undergone strategic changes over the years, focusing on expanding its reach to more underserved markets. It was established by Vikram Akula, who has a background in social entrepreneurship and previously founded other organizations aimed at poverty alleviation.SKS Microfinance specializes in providing licensed moneylending services through its flagship platform, SmartLoan. Its primary offering is personal loans tailored to meet the financial needs of individuals, particularly in underserved communities. Customers can borrow amounts up to six times their monthly income, which allows for significant financial support. Loans can be customized regarding repayment terms, enabling negotiations with loan officers to establish manageable repayment plans.30 and an EBITDA of INR 174,253,069. The revenue model is chiefly based on interest accrued from personal loans, structured around the borrower's financial capacity. The company is in the process of developing new financial products tailored for varied consumer needs. Additionally, it aims to broaden its reach to more underserved areas and international locations, focusing on strategic growth by 2020. The completion of its INR 2,430 million IPO in February 2012 has also provided the necessary capital to pursue these ambitious expansion plans.
Who invested in SKS Microfinance
2 investors across 1 round
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Funding rounds
Series A
Mar 28, 2006
Amount
$2.5M
Investors
Questions about SKS Microfinance
Who invested in SKS Microfinance?
SKS Microfinance has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SKS Microfinance raised?
SKS Microfinance has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did SKS Microfinance last raise money?
SKS Microfinance's most recent round on record is a Series A, in Mar 2006.
What does SKS Microfinance do?
SKS Microfinance, founded in 1997 and headquartered in Hyderabad, India, operates primarily in the microfinance sector, offering personal loans tailored for individuals in low-income brackets.
Where is SKS Microfinance headquartered?
SKS Microfinance is headquartered in Hyderabad, India.
Which VCs invest in companies like SKS Microfinance?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at SKS Microfinance's stage. Their profiles are linked below.
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