by Bradley Shulman -

MICROCAPITAL BRIEF: Belstar Microfinance Raises $48m in Equity to Boost Service to Women, Low-income Households in India

Belstar Microfinance, a non-banking financial company controlled by India-based Muthoot Finance, recently raised INR 3.5 billion (USD 47.6 million) in equity. An unspecified portion of the funds are from Affirma Capital, a Singapore-based private equity firm that is a first-time investor in Belstar. The remainder of the new equity comes from

by Michelle Fleming -

MICROCAPITAL BRIEF: Accion Venture Lab Exits from, Maj Invest Buys Equity in Microfinance Institution Aye of India

Accion Venture Lab, the “seed stage investment arm” of US-based NGO Accion, recently sold part of its stake in Aye Finance, an Indian non-banking financial company – microfinance institution (NBFC-MFI). Meanwhile, Maj Invest Group, a Danish asset management company, bought a stake in Aye Finance through its Financial