NBFC providing credit to MSMEs, households, financial institutions and startups.
Founders
Nachiket Mor(India · ♂)— A former ICICI Bank executive and financial-inclusion advocate, he founded IFMR Trust and its capital arm (later Northern Arc Capital) to channel debt to underbanked Indian individuals and businesses.
Bindu Ananth(India · ♀)— An ICICI Bank alumna focused on inclusive finance, she co-founded IFMR Trust and chaired Northern Arc Capital to expand financial access in India.
Kshama Fernandes(India · ♀)— A finance academic turned risk leader, she joined IFMR Capital as founding Chief Risk Officer and rose to CEO/MD, shaping Northern Arc into a major Indian debt platform.
Team & hubs
Funding history
Date
Round
Amount
Jun 2024
Debt
NBFC Northern Arc Capital raised $75M debt via NCDs from Dutch development bank FMO for microloans, MSME and green loans.
$75M
Apr 2024
Funding round
NBFC Northern Arc Capital raised $80M from IFC in equal equity and debt halves to fund expansion.
$80M
Oct 2022
Debt
Digital debt-financing firm Northern Arc Capital raised $50M via non-convertible debentures from Dutch development bank FMO.
$50M
Investors
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