FinReach secures $2.6M to expand credit access for underserved MSMEs

FinReach Solutions raised Rs 21.9 crore ($2.6M) led by Colossa Ventures, with participation from Michael & Susan Dell Foundation, Omidyar Network, and Caspian SME Impact Fund. Founded in 2020 by Suvalaxmi Chakraborty, FinReach supports underserved MSMEs through its Credit Guarantee Program. Funds will expand operations and risk tech. The platform links guarantors and lenders, aiding 14,150+ borrowers, including 2,050+ women.