SAVE Microfinance funding, investors and company details

SAVE Microfinance is an emerging Banking and Finance startup from New Delhi, working in the space of Non-Banking Financial Company-Microfinance Institution (NBFC-MFI). Founded by Ajeet Kumar Singh, Pankaj Kumar, Ajay Kumar Sinha.

Company: Save Microfinance Private Limited
Sector: Banking and Finance
Location: New Delhi
Founders: Ajeet Kumar Singh, Pankaj Kumar, Ajay Kumar Sinha
Total funding raised: ₹26.45 Cr

Company overview

SAVE Microfinance is a Non-Banking Financial Company-Microfinance Institution (NBFC-MFI), and a wholly owned subsidiary of SAVE Solutions Pvt. Ltd. SMPL is focused on extending microloans to underserved rural women, supporting income-generating activities across small businesses, trade, services, and agriculture. The company operates primarily through the Joint Liability Group (JLG) lending model, where groups of women borrow collectively and share repayment responsibilities. This approach fostesocial collateral and helps mitigate default risks. Loan amounts range from ₹10,000 to ₹1 lakh, catering to both secured and unsecurededit needs. SMPL leverages SAVE Solutions’ extensive Business Correspondent (BC) network and technological infrastructure to expand its reach. The company remains committed to empowering rural women through accessible financial services, with a strategic focus on improving asset quality and growing its loan portfolio sustainably.

Funding rounds

Latest round: $ 3.00 Mn (₹26.45 Cr.), 2025-08-28. Investors: IIX’s WLB7