Midland Microfin
Empowering women entrepreneurs through microfinance
Jalandhar, India · Founded 2011 · $3.1M raised
- Headquarters
- Jalandhar
- Founded
- 2011
- Business Model
- B2C
- Website
- midlandmicrofin.com
- Total Funding
- $3.1M
- Last Round
- $3.1M Series AMay 2020
- Rounds
- 1
About
Midland Microfin Ltd. is a technology-driven microfinance institution (MFI) headquartered in Jalandhar, Punjab, India, founded on January 11, 2011. The company leverages microfinance as an instrument for alleviating poverty and promoting economic empowerment, with a focus on rural women entrepreneurs. Following the Grameen Model, Midland Microfin organizes borrowers into Joint Liability Groups (JLGs) of 3–7 women for mutual accountability and timely loan repayment. The institution offers collateral-free group and individual loans, financial literacy training, and other non-financial support services to help micro-enterprises grow. Operating in a fully tech-enabled environment since inception, Midland Microfin has grown to become one of India's leading microfinance institutions, serving underbanked communities across multiple states.
Summary
Midland Microfin is a Fintech company based in Jalandhar, India, founded in 2011. It has raised $3.1M in total across 1 round, most recently a $3.1M Series A round in May 2020. Investors include Aviator Emerging Market Fund and ICICI Bank.
Tech & App Stack
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Funding History
May 2020
Investors
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