Kinara Capital
“Can a digitally-native Indian NBFC use AI-driven credit decisioning to profitably close the MSME credit gap at scale while maintaining a social-impact mandate?”
Founded2011
HQBengaluru, Karnataka, India
FoundersHardika Shah
Total raised$178.0M
IndustryFintech / Lending
The story
Founded in 2011 by Hardika Shah, Kinara Capital set out to close the $400B+ credit gap facing India's 63M+ MSMEs by offering fast, collateral-free business loans powered by AI/ML credit decisioning. The company evolved from branch-based origination toward a digital-first model, culminating in the myKinara mobile app launch in 2021. Its RBI-registered Systemically Important NBFC status and SOC 2 certification reflect a maturation toward institutional-grade infrastructure while maintaining a social impact mission focused on last-mile financial inclusion.
Last 12 months
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Product timeline
2011
Founded by Hardika Shah in Bengaluru as a fintech NBFC focused on collateral-free MSME lending in India.· lending
2021
Launched myKinara mobile app enabling MSMEs to apply for business loans digitally.· lending
2024
Surpassed 100,000 collateral-free business loans disbursed and achieved decade of consecutive profitability, as reported in FY24 Annual Report.· lending
2024
Achieved SOC 2 Certification, demonstrating enterprise-grade data security standards.· pivot
Regulated entities
NBFC (Systemically Important)
India (RBI)
Kinara Capital Private Limited (formerly Visage Holdings and Finance Private Limited)
The stack
Lending
Accounting gap: none