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MUMBAI: Optimo Capital, a technology-driven NBFC focused on MSME lending, has secured Rs 100 crore from Punjab National Bank and has signed a co-lending partnership with Godrej Finance to disburse Rs 200 crore over the next 12 months.The development comes six months after Optimo raised Rs 150 crore in equity funding, led by Blume Ventures and Omnivore, alongside founder Prashant Pitti. Optimo operates in the loan-against-property (LAP) financing for MSMEs segment, a space where many entrepreneurs struggle to access timely credit despite having collateral. Optimo’s technology-driven lending infrastructure leverages.Optimo currently manages over Rs 430 crore in assets under management, while maintaining gross NPAs below 0.7%.
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The company claims to have been profitable since inception and currently generates Rs 2-3 crore in profit every month. “India’s MSME sector continues to face $240 billion credit gap despite many businesses having strong collateral,” said Prashant Pitti, Founder of Optimo Capital. “By combining technology with disciplined underwriting, we aim to deliver faster and safer credit access for entrepreneurs across India,” Pitti said.
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