Akme Fintrade secures ₹50 crore term loan from Indian Overseas Bank to support lending operations and business expansion.
Amount Raised
₹500 Million
Round Type
Debt Financing
IndiaFinancial ServicesFinanceFintechLendingBankingInvestors
Description
Akme Fintrade (India) Limited received sanction for a ₹50 crore term loan from Indian Overseas Bank, as formally communicated to stock exchanges on October 26, 2026. The funding strengthens the non-banking financial company's balance sheet and provides fresh capital for business expansion and working capital requirements. This long-term debt represents a substantial commitment and indicates lender confidence in the company's creditworthiness and operational stability. The term loan diversifies Akme Fintrade's funding sources and reduces dependency on any single lender.
Quick answer
Akme Fintrade (India) Limited raised ₹500 Million in a Debt Financing round, dated October 26, 2026. Investors: Indian Overseas Bank. Akme Fintrade (India) Limited is based in India.
- How much did Akme Fintrade (India) Limited raise?
- Akme Fintrade (India) Limited raised ₹500 Million in a Debt Financing round on October 26, 2026.
- Who invested in Akme Fintrade (India) Limited?
- Indian Overseas Bank is named as investors in this round.
- What does Akme Fintrade (India) Limited do?
- Akme Fintrade (India) Limited is a financial services company that is planning to issue Non-Convertible Debentures (NCDs) worth up to INR 35.00 crore.
- Where is Akme Fintrade (India) Limited based and how big is it?
- Akme Fintrade (India) Limited is based in India. Fundz records about 201 employees.
- Who are the decision-makers at Akme Fintrade (India) Limited?
- Fundz holds 1 contact at Akme Fintrade (India) Limited, including the Head of Information Technology Department. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Akme Fintrade (India) Limited that raised within 45 days of this round, from Fundz verified event records.
- Arka Fincap raised $85M on November 8, 2026.
- Toronto-Dominion Bank raised $1.3B (Debt Financing) on November 4, 2026.
- Bread Financial™ raised $5.8M (Series C) on November 3, 2026.
- Bloquo raised $3.7M (Seed) on November 3, 2026.
- ScribeUp raised $13M (Series A) on October 20, 2026.
- EFY Finance raised an undisclosed amount (Seed) on October 13, 2026.
Who to call at Akme Fintrade (India) Limited, and when
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- Who you already know at Akme Fintrade (India) Limited, from your own LinkedIn network
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