Alpen Capital has advised ArthImpact Digital Loans Private Limited (“Arth”) in raising a US$ 0.83 million growth capital from DEG as the lead investor in Arth’s first round of equity raise of US$ 2 Mn. The facility is uniquely structured under DEG’s Up-Scaling Program as a repayable grant and an option to offer additional funding of up to US$ 4 Mn in the next equity round of Arth.
Established in 2018, Arth is a technology first Micro MSME finance company delivering access to formal digital credit and livelihood services to the underserved micro businesses and self-employed entrepreneurs, targeting a multi-billion dollar credit gap in India’s micro and nano businesses. It offers short-term, high-yielding, revolving unsecured business loans to Micro enterprises under MSME, with a focus on women-led businesses across India through two channels – Digital and Phygital.
Founded in Cologne in 1962, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a Development Finance Institution and a subsidiary of KfW Group. DEG finances private sector investments in developing and other countries in accordance with the economic cooperation and development policies of the Federal Republic of Germany. With a portfolio of around EUR 9.2 billion in nearly 80 countries DEG is one of the world's largest private-sector