FinReach Solutions has secured ₹21.9 crore (approximately $2.6 million) in a fresh funding round led by Colossa Ventures, with continued support from existing investors including the Michael & Susan Dell Foundation, Omidyar Network Fund Inc., and Caspian SME Impact Fund IV. This follows its earlier raise of ₹32.5 crore, further strengthening its mission to expand formal credit access for underserved micro and small entrepreneurs across India.

The newly raised capital will be used to scale operations, deepen guarantee facilitation, and enhance the company’s risk and technology stack to support higher volumes of credit assessments. Founded in December 2020 by Suvalaxmi Chakraborty, an industry veteran with leadership roles at ICICI Bank, Barclays Bank, and SBM India, FinReach focuses on entrepreneurs who lack collateral or formal credit histories, making traditional lending inaccessible.

FinReach operates a private-sector Credit Guarantee Program that enables lenders to confidently extend credit to micro, small, women-led, agri, and climate-focused enterprises. Its analytics-driven guarantee engine evaluates borrower risk and supports lending across tier-III to tier-V regions. The company reports that its programs have already supported 14,150 individuals, including more than 2,050 women borrowers, with backing from development finance institutions such as British International Investment.