Moneyboxx Finance

What Moneyboxx Finance does

Moneyboxx Finance Limited is an RBI-registered non-banking financial company (NBFC) headquartered in Mumbai, with corporate operations in Gurugram and a registered office in New Delhi. Founded in February 2019 by Chartered Accountants Deepak Aggarwal (Co-Founder, Co-CEO and CFO) and Mayur Modi (Whole-Time Director and Co-CEO), the company provides small-ticket business loans — typically ranging from Rs 50,000 to Rs 3,000 — to micro and small entrepreneurs in rural and semi-urban India. As of late 2025, the company operates 156+ branches across 12 states, has cumulatively disbursed Rs 2,245+ crore to 223,000+ borrowers (60% women), and manages AUM approaching Rs 1,200 crore.

The company's product suite consists of four primary offerings: Vyapaar Loans (Secured) for medium-to-high-ticket secured financing, Vyapaar Loans (Unsecured) for collateral-free lending to micro-enterprises, Renewable Energy Loans for solar rooftop financing, and the Sikka App, a digital financial ecosystem launched in October 2023 that supports loan applications, digital gold savings from Rs 10, and financial literacy. Technology is integral to its underwriting, with integrations into CIBIL, CRIF High Mark, and Experian credit bureaus, GST data APIs, and bank account APIs for cash-flow-based assessment. A proprietary AI-powered muzzle recognition technology for cattle identification — piloted with the Bill & Melinda Gates Foundation since January 2026 — is in development to support livestock-collateralized lending.

The business model generates revenue primarily through interest income on business loans, supplemented by co-lending arrangements with Utkarsh Small Finance Bank, MAS Financial, and Vivriti Capital, and term loan funding from institutional lenders including SBI (Rs 50 crore), Maanaveeya/Oikocredit (Rs 20 crore), BlackSoil, and Caspian (impact debt). Cumulative equity raised since inception totals Rs 303.9 crore across multiple rounds, with the company now dual-listed on BSE (538446) and NSE following its October 2025 NSE listing. Beyond-lending initiatives — including free cattle health camps (3,40,000+ diagnoses), biogas financing through a Water.org partnership, and agroforestry programmes (16,000+ trees planted) — differentiate the proposition in target communities while reinforcing ESG positioning for impact-oriented capital providers.

Name

Moneyboxx Finance

Legal name

Moneyboxx Finance Ltd

Website

https://moneyboxxfinance.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Moneyboxx Finance is an RBI-registered NBFC providing small-ticket business loans (Rs 50,000 to Rs 3,00,000) to 223,000+ micro and small entrepreneurs in rural and semi-urban India, operating 156+ branches across 12 states with technology-driven underwriting, co-lending partnerships, and a digital ecosystem via the Sikka App.

Ownership category

akta.pro rank

Product category

Microfinance and SME Lending

NAICS

Sales Financing (52222)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

Keywords

• Micro enterprise lending
• Rural business loans
• Unsecured SME finance
• NBFC financial services
• Microfinance institution

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices16 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Business Loan Interest: Primary revenue stream from interest earned on small-ticket business loans (secured and unsecured) provided to micro and small enterprises. Loans range from Rs 50,000 to Rs 3,00,000 for micro-enterprises in rural and semi-urban India.
2. Digital Gold (Sikka App): Revenue from digital gold savings products, allowing customers to invest in gold starting at Rs 10, with RD Gold for incremental wealth creation.
3. Renewable Energy Loans: Loans for solar rooftop systems for commercial and micro-enterprise use, promoting clean energy adoption while generating interest income.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Moneyboxx Finance is an RBI-registered NBFC that provides small-ticket business loans ranging from Rs 50,000 to Rs 3,00,000 to micro and small entrepreneurs in rural and semi-urban India. Its core products include Vyapaar Loans (Secured) and Vyapaar Loans (Unsecured), Renewable Energy Loans for solar rooftop financing, and the Sikka App digital financial ecosystem that enables loan applications, digital gold savings, and financial literacy for underserved borrowers.

Product overview

Moneyboxx Finance is an RBI-registered NBFC providing business loans to small and micro entrepreneurs in rural and semi-urban India. The company operates a platform-plus-products architecture comprising four core offerings: Vyapaar Loans (Secured) for medium-to-high ticket secured financing, Vyapaar Loans (Unsecured) for collateral-free small-ticket loans, Renewable Energy Loans for solar rooftop financing, and the Sikka App digital financial ecosystem. Small-ticket business loans range from Rs 50,000 to Rs 3,00,000, with a digital-first approach targeting underserved small and micro enterprises in Tier-III towns and below. The company has developed AI-powered muzzle recognition technology for livestock lending and enhances credit assessment through technology-driven underwriting systems.

Differentiator

Problem solved

Functional benefit

Brands

• Sikka App: A digital financial ecosystem app designed for rural India, offering business loans, digital gold savings, and financial literacy resources for small entrepreneurs in Bharat.
• Moneyboxx Vyapaar Loans (Secured)
• Moneyboxx Vyapaar Loans (Unsecured)
• Renewable Energy Loans

Products and services

• Moneyboxx Vyapaar Loans (Secured) Secured commercial loans for medium-to-high funding needs, issued at competitive rates with minimal paperwork, providing timely capital infusion for business growth, expansion, and productivity enhancement for rural entrepreneurs.
• Moneyboxx Vyapaar Loans (Unsecured) Collateral-free business loans with minimal documentation and fast approval process for small and micro enterprises in Tier-3 towns and rural India, empowering entrepreneurs with financial lifelines for growth and sustainability. Loan ticket sizes range from Rs 50,000 to Rs 3,00,000.
• Renewable Energy Loans

Quantifiable outcome

• 223,000+ borrowers funded with 60% women borrowers
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability3 records

Feature1 record

Partnerships

Five partnerships are on record, tiered core.

• Water.orgcoreStrategic or Co-development PartnerPartnership to bring clean water and sanitation financing within reach of underserved India. Addresses SDG 6 by enabling access to safe water and sanitation infrastructure through affordable credit for WASH businesses.
• Bill & Melinda Gates FoundationcoreStrategic or Co-development PartnerPilot project for muzzle recognition technology to streamline lending processes for cattle-based loans. Leverages satellite data, AI models, and cattle database information.
• Utkarsh Small Finance BankcoreChannel Partner/ Reseller/ DistributorCo-lending partner for expanded reach and product distribution.
• MAS FinancialcoreChannel Partner/ Reseller/ DistributorCo-lending partner and impact partner for micro-enterprise lending.
• Vivriti CapitalcoreChannel Partner/ Reseller/ DistributorCo-lending partner and impact partner for expanding financial inclusion.

Scale indicators19 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Lendingkart: Indian fintech NBFC providing working capital and business loans to small businesses and MSMEs with technology-driven underwriting. Highly comparable to Moneyboxx in target customer (small/micro enterprises) and loan product, though focused more on Tier-1/2 cities and digital distribution.
• UGRO Capital: Listed Indian NBFC (NSE/BSE) focused exclusively on lending to MSMEs. Comparable to Moneyboxx in MSME focus, listed status, and tech-enabled underwriting, though UGRO targets larger ticket sizes and a broader geographic footprint.
• Kinara Capital: Indian NBFC providing collateral-free business loans to small businesses using alternative data and AI-driven credit assessment. Directly comparable to Moneyboxx in tech-led unsecured lending to underserved MSMEs.
• Oxyzo Financial Services: Indian NBFC (subsidiary of OfBusiness) focused on SME lending with technology-driven underwriting and supply chain financing. Comparable to Moneyboxx in MSME lending focus and digital-first approach.
• MAS Financial Services: Listed Indian NBFC providing financing to micro, small, and medium enterprises. Direct peer given co-lending partnership with Moneyboxx, similar MSME customer focus, and comparable retail distribution model.
• Spandana Sphoorty Financial: Listed Indian NBFC focused on microfinance lending to women in rural and semi-urban India. Comparable in customer demographic (60% women borrowers overlap), rural branch-led distribution, and small-ticket unsecured lending.
• Fusion Microfinance: Listed Indian microfinance NBFC serving women borrowers in rural/semi-urban India. Comparable to Moneyboxx in financial-inclusion focus, rural distribution model, and listed NBFC status with overlapping target segments.

Emerging players

• Indifi Technologies: Indian digital lending platform extending credit to small businesses using alternative data and partnership-led distribution. Comparable in MSME lending focus and tech underwriting, though more digitally native than Moneyboxx.

Broad incumbents

• AU Small Finance Bank: Indian Small Finance Bank serving MSMEs, retail, and rural customers. Comparable in rural/semi-urban distribution and MSME lending focus, though operates as a regulated bank with deposit funding and broader product suite.
• Bajaj Finserv: Large Indian diversified financial services company with NBFC arm serving MSMEs, retail, and rural customers. Comparable in micro-enterprise lending vertical, though operates at much greater scale with diversified product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@moneyboxxfinance2433
• Facebookfacebook.com/moneyboxxfinance
• LinkedInlinkedin.com/company/moneyboxx-finance-limited
• Instagraminstagram.com/moneyboxxfinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 records

Funding overview

Funding rounds11 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Moneyboxx Finance