Alpen Capital has successfully arranged a USD 40 million equivalent in INR, 5-year senior secured, listed Non-Convertible Debentures for MAS Financial Services Limited (“MAS”).
The funding has been provided by the Dutch entrepreneurial development bank, FMO.
The proceeds will be deployed to expand MAS’ MSME loan portfolio, furthering financial inclusion across the underserved segments in India.
About MAS
MAS is a diversified NBFC with a 30+ year track record, focusing on underserved and underbanked segments across MSME, SME, 2-Wheeler, Commercial Vehicle (CV), and Salaried Personal Loans. Its business model is built on deep local relationships, granular underwriting, and a strong understanding of informal income patterns, positioning it as a natural conduit for DFI capital targeting financial inclusion objectives in India.
Transaction Announcement
