Optimo Capital Secures Funding for MSME Lending

Optimo Capital, a technology-focused non-banking financial company (NBFC) that prioritises MSME lending, has successfully obtained Rs 100 crore in debt financing from Punjab National Bank. Additionally, it has formed a co-lending alliance with Godrej Finance Limited, aiming to disburse Rs 200 crore over the forthcoming year.

This progress follows a previous achievement six months prior when Optimo raised Rs 150 crore in equity funding, headed by Blume Ventures and Omnivore, with the active participation of founder Prashant Pitti.

Innovative Lending Solutions

Optimo provides digital secured loan-against-property (LAP) solutions targeted at MSMEs, specifically aiding those seeking formal credit who possess collateral but face accessibility challenges. The company’s lending framework is built upon an extensive dataset sporting over 77 lakh mortgage and property transaction records, complemented by AI-enhanced property inspection and valuation systems. This sophisticated platform allows for in-principle loan approvals within just a few hours.

Financial Stability and Growth

Currently, Optimo manages assets exceeding Rs 430 crore while maintaining gross non-performing assets (NPAs) below 0.7%. The company has achieved profitability for the last 22 months, reporting monthly earnings ranging from Rs 2–3 crore. A recent evaluation by CARE Ratings granted Optimo a BBB (Stable) rating.

Geographical Presence

With a robust footprint, Optimo operates 51 branches located across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh, specifically catering to MSME borrowers in semi-urban and rural settings. The company employs a workforce of over 500 individuals spanning various roles.

The collaborative effort with Godrej Finance is anticipated to broaden Optimo’s lending abilities, while the funding from Punjab National Bank will facilitate further balance sheet expansion.