Northern Arc
“Can a multi-sector NBFC become the API-driven market infrastructure for partnership lending and co-lending in India?”
Founded2009
HQChennai, Tamil Nadu, India
Latest roundIPO (NSE/BSE listing, 2024)
IndustryFintech / Lending
The story
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.
Last 12 months
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Product timeline
2009
Commenced operations as a platform catering to diverse credit requirements; entered microfinance sector· lending
2009
Undertook India's first microfinance securitization transaction· lending
2010
Arranged India's first pooled multi-originator securitisation (MOSEC)· lending
2015
Launched partnership-based Direct-to-Customer retail lending model (one of first NBFCs in India)· lending
2018
Launched Nimbus, proprietary debt origination/execution platform· pivot
2024
Filed DRHP and completed IPO on NSE/BSE· ipo
2024
Launched nPOS co-lending technology platform and Altifi retail investment platform· pivot
Regulated entities
4
regulatory licences held by Northern Arc
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Northern Arc’s embedded-finance stack
Payments / PSP
Lending
in the full report
Accounting gap: none
25 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.