Supply chain fin-tech startup LivFin raises $5 million from German major DEG

03:10:00 PM, Friday 20th of December 2019 | in business

Delhi-based LivFin, an SME-focused supply chain fin-tech startup has raised $5 million from German development finance institution DEG. The funds will be utilised for expansion of operations and also to reach the startup's AUM target of $40 million by March 2020. This is the first investment by DEG in India. The company has built a book of over $20 million & disbursed over $150 million on an aggregated basis.