Kushal Finnovation Capital

What Kushal Finnovation Capital does

Kushal Finnovation Capital Private Limited (KFCPL) is an RBI-registered Non-Deposit Taking Non-Systemically Important Non-Banking Financial Company (ND-NSI-NBFC) incorporated in 2022 in Karnataka, India, under CIN U65929KA2022PTC157209 with Certificate of Registration No. N-02.00352. The company provides two financing products — Supply Chain Financing, a collateral-free credit solution for growth-oriented businesses, and Retail Invoice Financing, which enables working-capital unlock against invoices — both distributed exclusively through Lending Service Providers (LSPs) and Digital Lending Apps (DLAs) in compliance with RBI digital lending guidelines.

The lending platform is operated through a partner-led distribution model. Two LSP partners — Greenizon Agritech Consultancy Private Limited (operating the Jai Kisan brand and Bharat Khata DLA) and Cloudepower Services Private Limited (operating the LoanOrbit DLA) — perform customer acquisition, loan approval, collection and recovery, and associated customer service on KFCPL's behalf. End-borrower segments are described as urban and growth-oriented businesses, with explicit sector focus on dairy, poultry, agriculture, manufacturing, and fishery for livelihood upgradation. KFCPL has a Registered Office in Koramangala, Bangalore, and a Corporate Office in BKC, Mumbai.

Revenue is generated from interest income on loans extended through the LSP network; the company does not accept public deposits and operates below the RBI systemic-importance threshold. Pricing is governed by a published Interest Rate Policy. The company has published a comprehensive 14-policy regulatory framework covering Fair Practices, Grievance Redressal, Outsourcing, KYC/AML, ALM, Risk Management, IT/IS, BCDRM, and other RBI-mandated disclosures. Leadership comprises Arjun Ahluwalia (Executive Chairman) and M. N. Aravindkumar (Non-Executive Director), with Rohit Bansal as Grievance Redressal Officer.

Name

Kushal Finnovation Capital

Legal name

Kushal Finnovation Capital Private Limited

Website

https://kfcpl.co.in

Company type

Private

Founded year

2022

Operating status

Operating

Short description

KFCPL is an RBI-registered ND-NSI-NBFC incorporated in 2022 that provides supply chain financing and retail invoice financing to growth-oriented businesses across dairy, poultry, agriculture, manufacturing, and fishery sectors in India, distributed exclusively through two LSP partners and their digital lending apps.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services

NAICS

Other Nondepository Credit Intermediation (52229), Sales Financing (52222)

SIC

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

akta.pro primary industry

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

akta.pro secondary industries

Trade Finance & Supply Chain Finance Platforms (FSAGAJAL), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

Keywords

• Supply chain financing
• Retail invoice financing
• Digital lending
• Non-banking financial company
• Working capital credit

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Credit/Lending Operations: KFCPL generates revenue through interest income on loans extended to businesses. As an ND-NSI-NBFC, the company provides supply chain financing and retail invoice financing solutions, earning interest spreads on the credit extended.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

KFCPL is an RBI-registered ND-NSI-NBFC that extends two core credit products—Supply Chain Financing (collateral-free working-capital credit for growth-oriented businesses) and Retail Invoice Financing (digital lending against invoices)—distributed exclusively through Lending Service Providers (LSPs) and Digital Lending Apps (DLAs) under RBI digital lending guidelines.

Product overview

KFCPL operates as a single unified lending platform offering two core financing products: Supply Chain Financing (a flexible, collateral-free credit solution for growth-oriented businesses) and Retail Invoice Financing (a digital lending product enabling businesses to unlock working capital against invoices). Both products are designed to bridge working capital gaps and are delivered through Lending Service Providers and Digital Lending Apps, providing a cohesive financing ecosystem for urban and growth-oriented businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Supply Chain Financing Flexible, collateral-free credit solution for growth-oriented businesses designed to bridge gaps in their credit cycles with tailored financing solutions.
• Retail Invoice Financing Digital lending product that enables businesses to unlock working capital against invoices through Lending Service Providers and Digital Lending Apps.

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Greenizon Agritech Consultancy Private Limited (Jai Kisan)coreChannel Partner/ Reseller/ DistributorLSP 01 - Lending Service Provider engaged by KFCPL for digital lending operations. The partnership enables customer acquisition, loan approval, collection and recovery, and associated customer service activities under RBI digital lending guidelines. Operates the Bharat Khata Digital Lending App.
• Cloudepower Services Private LimitedcoreChannel Partner/ Reseller/ DistributorLSP 02 - Lending Service Provider engaged by KFCPL for digital lending operations. The partnership enables customer acquisition, loan approval, collection and recovery, and associated customer service activities under RBI digital lending guidelines. Operates the LoanOrbit - Instant Loan Digital Lending App.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Flexiloans: Tech-enabled lending platform offering unsecured business loans, supply chain financing, and working-capital credit to Indian SMEs. Comparable to KFCPL's SME working-capital proposition.
• LoanTap: NBFC providing digital loans to salaried individuals and SMEs through its own and partner channels. Comparable to KFCPL as an NBFC using digital/app-based distribution to extend credit.
• Vivriti Capital: NBFC focused on supply chain financing, enterprise lending, and debt capital markets for Indian corporates and SMEs. Comparable to KFCPL on regulated NBFC status and supply chain finance product.
• Lendingkart: Fintech NBFC extending working-capital and term loans to Indian small businesses through a digital, data-driven underwriting model. Comparable to KFCPL on NBFC structure and SME working-capital lending focus.
• KredX: Indian invoice-discounting and supply chain financing platform that enables businesses to unlock working capital against receivables. Directly comparable to KFCPL's Retail Invoice Financing product on both business model (SCF platform) and target segment (Indian SMEs).
• Oxyzo (formerly OFB Tech): Tech-enabled NBFC providing supply chain financing and working-capital loans to Indian SMEs. Closely comparable to KFCPL in product mix (SCF-led), customer base (growth-stage SMEs), and tech-first distribution model.
• Indifi Technologies: Digital lending platform enabling SME borrowers to access credit via partner financial institutions, with strong presence in supply chain and revenue-based financing. Directly comparable to KFCPL's partner-DLA-driven model.
• CapFloat (now Unbox): Digital financing platform offering invoice discounting and working-capital solutions to Indian businesses. Comparable to KFCPL's invoice financing focus and SME working-capital positioning.

Emerging players

• MoneyTap: App-based digital lending platform offering personal and small-ticket credit lines to Indian consumers and SMEs. Comparable in digital lending app distribution model, though more consumer-weighted than KFCPL.

Broad incumbents

• Bajaj Finance: One of India's largest diversified NBFCs with material exposure to SME lending, commercial finance, and supply chain products. Provides the upper-bound competitive benchmark for KFCPL's NBFC + SME working-capital category.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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 Kushal Finnovation Capital