Northern Arc Capital raises $50m in long-term bonds from Dutch bank FMO

Northern Arc Capital announced that it raised $50 million in long-term bonds from the Dutch entrepreneurial development bank FMO.

The non-banking finance company said it would use half the proceeds to serve MSMEs and women entrepreneurs, especially among the next billion.

The long-term nature of the facility will help Northern Arc provide customised credit solutions to these customers both directly and through partners.


The use of proceeds will address three critical sustainable development goals of the United Nations – decent work & economic growth, gender equality and reduced inequality – the company said.

"We are excited to expand this partnership with FMO to cater to the diverse financial requirements of India’s small entrepreneurs and emerging segments,” managing director Ashish Mehrotra was quoted as saying in a media statement issued by the company on Thursday.