Paisalo Digital Raises ₹1,800 Crore to Empower Underbanked

Paisalo Digital, a leading non-banking financial company, has raised ₹1,800 crore through Foreign Currency Convertible Bonds (FCCBs). These bonds, maturing in 2029, are priced at a conversion rate of ₹45.33 per share. The funds aim to enhance financial inclusion and provide accessible credit to underserved communities. Supported by strong global investor participation, the move aligns with Paisalo’s mission to bridge India’s credit gap and expand its reach across 22 states, serving over 6.5 million customers.