Avanse financial services raises $15 Mn from World Business Capital


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Education-focused non-banking financial company (NBFC) Avanse Financial Services Ltd has raised $15 Mn through external commercial borrowing (ECB) route from US-based financial institution World Business Capital Inc. In August 2019, private equity firm Warburg Pincus had taken controlling equity stake of 80% in Avanse Financial Services. The company plans to use this investment to expand its education financing program.