“Can a multi-sector NBFC become the API-driven market infrastructure for partnership lending and co-lending in India?”
Founded 2009 (as IFMR Capital, later rebranded Northern Arc) to channel debt capital into financial inclusion sectors — pioneered MOSEC pooled securitization to fund microfinance institutions. Evolved from a pure debt arranger into a diversified NBFC running direct lending, partnership/co-lending, AIF/PMS fund management, and retail bond distribution (Altifi). Built proprietary tech (Nimbus for debt origination, nPOS for co-lending, NuScore for credit decisioning) to position itself as both an NBFC and the infrastructure layer for India's partnership lending ecosystem. Listed on Indian exchanges in 2024.
Northern Arc processes payments through Razorpay.
Northern Arc's lending and capital products are provided by Northern Arc Capital Limited (in-house).
The Embedded Finance Index 2026 maps 2 layers in Northern Arc's stack: Payments / PSP (Razorpay); Lending (Northern Arc Capital Limited (in-house), Term and working capital loans, Non-Convertible Debentures (NCDs), Principal-protected market-linked debentures (PP-MLD) and 21 others).
Northern Arc is founded in 2009 and headquartered in Chennai, Tamil Nadu, India.
Get a read on where your own stack stands against Northern Arc and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.