IFC joins Alteria Capital as anchor investor for SME credit scheme, ET BFSI

Mumbai, Venture debt supervisor Alteria Capital on Thursday stated the International Finance Corporation (IFC) has made an funding in its Shorter Duration Scheme to mark its entry into the SME credit score phase. The Shorter Length Scheme (SDS) will deal with short-term liquidity must drive steadiness sheet effectivity, resembling short-term capital wants of licensed fintech firms, client manufacturers and EV OEMS, amongst others, it stated in an announcement with out disclosing the quantity of funding.

The funding made by IFC will strengthen the agency’s place as a one-stop store for structured credit score for brand new financial system firms in India, Alteria Capital added.

“We’re witnessing a major demand for enterprise debt evidenced by the truth that we funded USD 200 million of debt to Indian start-ups in 2024, however there’s additionally a significant hole in short-term financing choices for start-ups particularly in monetary providers and client choices,” Vinod Murali, Co-founder & Managing Accomplice, Alteria Capital, stated.

Wendy Werner, Nation Head for India and Maldives, IFC, stated “By addressing short-term financing wants and signalling market confidence, the World Financial institution’s arm IFC goals to assist India’s start-up and disruptive expertise ecosystem and speed up financial development”.

Established in 2017, Alteria Capital is India’s largest enterprise debt fund targeted on progressive startups backed by sturdy VC sponsors. The corporate has an asset underneath administration of Rs 4,500 crore and gives progressive debt financing options to start-ups.