Micro MSME Fintech ARTH raises $2.5 mn from KfW arm, MIT alumni and others

Total funding including from promoters rises to $3.5 million; funds to be used to expand services, enhance tech capabilities

Micro MSME Fintech ARTH has secured $2.5 million in funding led by DEG – Deutsche Entwicklungs- und Investitionsgesellschaft / subsidiary of KfW, MIT Alumni and top notch impact-driven US & Canadian angel investors.

This takes the total funding raised by ARTH to $3.5 Million with the initial personal investment made by the founder, friends & family. The fresh round of funding will be used to expand the suite of financial services being offered to ultimately be a single point platform for Micro MSMEs. The funds will also be used for strengthening the technology capabilities and building robust risk management systems