Midland Microfin
Midland Microfin is a fintech company in Jalandhar, India, founded in 2011. It has raised $3.1M across 1 round, most recently a $3.1M Series A in May 2020.
Empowering women entrepreneurs through microfinance
- Headquarters
- Jalandhar
- Employees
- 1001–5000
- Founded
- 2011
- Business Model
- B2C
- Website
- midlandmicrofin.com
- Total Funding
- $3.1M
- Last Round
- $3.1M Series AMay 2020
- Rounds
- 1
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 1 funding round and 2 investors for this company. The full record is or through the API.
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
It lists 1001–5000 employees. 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
3 technologies & apps tracked
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Funding History
May 2020
Investors
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