OUR PORTFOLIO

Northern Arc Capital

33m

PEOPLE REACHED

$10bn

DEBT FINANCING

540

INDIAN DISTRICTS REACHED

Northern Arc Capital 

Northern Arc Capital provides a bridge between debt capital markets and high-quality debt originators in India. By providing efficient and reliable access to debt for such lenders, the company is enabling a steady supply of finance for financially-excluded families and businesses in this emerging economy. 

Since its inception in 2008, Northern Arc Capital, formerly IFMR Capital, has enabled debt financing using a variety of structures, such as direct loans, securitisation, guarantees, arrangement and placement of commercial paper, bonds, debentures, and other capital markets products, across sectors like microfinance, small business loans, affordable housing finance, vehicle finance and agri-finance. 

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Industry

Diversified Financial Services

Region

India

Building India’s access to credit: Kshama Fernandes, CEO, Northern Arc Capital

The LeapFrog Difference

LeapFrog invested in Northern Arc Capital (then called IFMR Capital) in 2014. Our investment has assisted the company on its rapid growth trajectory, expanding its customer base, broadening into new regions of India and deepening its access to a wider class of international investors.

Since our investment, we have partially sold down our stake in Northern Arc Capital in exits to IIFL Special Opportunities Fund, Standard Chartered Private Equity, Affirma Capital and Eight Roads Ventures, however we retain a shareholding and remain bullish about the future of this market innovator as it works to digitise its business and forge strategic alliances across new markets for further diversification.

Financial Services

Northern Arc Capital is one of many financial services companies we have invested in. Learn more about the other innovative and impactful businesses LeapFrog has partnered with. 

LeapFrog Investments