Tag: northern arc

Northern Arc raises ₹100 crore debt from Sumitomo Mitsui Banking

Banking & Finance

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Digital debt financing platform, Northern Arc Capital, on Wednesday announced that it has raised ₹100 crore in debt from leading Japanese bank Sumitomo Mitsui Banking Corporation (SMBC).

In a press release, the Chennai-based non-banking finance company (NBFC) said that it will use the proceeds to cater to the credit demands of small enterprises and agri-businesses.

It also added that the transaction aligns with the company’s ESG goal of creating sustainable impact by providing efficient and reliable debt finance to underserved businesses.

“We are excited to deepen our partnership and engagement with one of the world’s premier banking institutions. This transaction will further deepen Northern Arc’s foray into retail lending through partnerships,” Kshama Fernandes, MD and CEO of Northern Arc Capital said in the release.

SMBC is Japan’s second largest and the world’s fourteenth largest bank by assets, with a presence in over 41 markets globally.

“We are pleased that our strategic partnership with Northern Arc Capital has evolved and deepened amid the rapidly changing environment and over the years, supported SMBC in contributing positively to the attainment of SDGs in India,” said SMBC India’s CEO Toshitake Funaki.

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Northern Arc launches alternative investment platform for retail investors

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Chennai-based non-banking finance company (NBFC) Northern Arc Capital today announced the launch of AltiFi.ai, an alternative investment platform for individual investors including family offices, HNIs, and corporate treasuries.

In a press release, the company said that through this platform it targets to bridge the gap of access to alternative investment assets and enable individual investors across the country to make direct debt investments at the click of a button.

AltiFi.ai, which stands for ‘Alternative Financial Investments’ and ‘Alternative Fixed Income’, aims to democratise debt investing in India by offering investment opportunities in smaller units.

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Investors can diversify their portfolio and invest in the debt papers of financial institutions and mid-sized companies across the credit rating spectrum.

The platform offers a range of debt papers including, but not limited to bonds, securitised instruments, and Alternative Investment Funds’ units. Individuals can invest as low as ₹10,000 in these alternative investment assets.

“In India, debt investment opportunities are not accessible like the way listed equity is, and many investors who can potentially subscribe to these debt papers are either not aware of it or don’t know where to buy it from. We aim to change that with AltiFi,” Bama Balakrishnan, COO, Northern Arc was quoted in the release as saying.

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Northern Arc’s AltiFi.ai to allow individuals to tap debt investment opportunities, BFSI News, ET BFSI

Personal Finance

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Northern Arc has launched an alternative investment platform ‘AltiFi.ai’ allowing individual investors to invest in debt instruments.

‘AltiFi, stands for both “Alternative Financial Investments” and “Alternative Fixed Income”.
Investors will get access to debt capital markets and a range of debt instruments across bonds, securitised instruments and alternative investment funds’ units.

Investors can invest as low as Rs. 10,000 in debt papers.

Northern Arc said, it targets to bridge the gap of access to alternative investment assets and enable individual investors across the country to make direct debt investments at the click of a button.

Currently, individual investors have limited avenues to invest directly in debt instruments of small and mid-sized institutions. Northern Arc said it will bring together its 12 years of experience and well-tested proprietary risk models to create curated and pre-screened assets on the platform. It will also deploy AI and data analytics at scale to gather market intelligence and help investors make the most profitable and risk-adjusted investment calls.

Bama Balakrishnan, COO, Northern Arc said, “AltiFi is our attempt to offer unique debt investment opportunities to individual investors and family offices. Through AltiFi, investors will have access to a diverse range of debt products, in emerging sectors, that were hitherto available only to institutions so far. In India, debt investment opportunities are not accessible like the way listed equity is, and many investors who can potentially subscribe to these debt papers are either not aware of it or don’t know where to buy it from. We aim to change that with AltiFi.”



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Northern Arc executes Rs 350-crore MLD deal for Shriram Transport

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STFC is one of the largest asset financing NBFCs for the commercial vehicle industry in the country, partnering with small truck owners for all their assets-related needs.

Chennai-headquartered digital debt platform Northern Arc on Friday announced that it has concluded a Rs 350-crore market-linked debentures (MLD) transaction with Shriram Transport Finance Company (STFC). STFC is one of the largest asset financing NBFCs for the commercial vehicle industry in the country, partnering with small truck owners for all their assets-related needs.

This is the latest in a series of MLD transactions structured, executed and invested in by Northern Arc, through which it has facilitated debt funding for its partners across MSME financing, CV financing and gold loans.

Northern Arc said the issuance was subscribed by multiple reputed capital market investors. As part of its commercial vehicle finance segment, Northern Arc has focused on the financing of used CVs that cater to the needs of driver-turned owners, first-time users, first-time buyers and small road transporters. These customers, who have been impacted due to the pandemic, will benefit from the proceeds of the transaction. STFC’s ability to reach these customers and enable access to credit for borrowers at the grassroots level will ensure substantial economic and social impact.

Bama Balakrishnan, COO, Northern Arc, said, “The transaction exemplifies Northern Arc’s ability to create value for partners across sizes and credit ratings. Through customised product solutions, we have been able to evince the interest of new investors to our sectors and partners.”

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Northern Arc and CDC tie-up for pool bond issuance of Rs 320 cr to support six MFIs, BFSI News, ET BFSI

Banking & Finance

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UK’s Development financial institution, CDC Group has tied-up with Northern Arc to jointly structure a pooled bond issuance transaction by partial guarantee provided by Northern Arc.

CDC’s Rs 320 crore investment in a pool of senior secured NCDs will provide systemic liquidity to six leading microfinance companies: Annapurna Finance, Arohan Financial Services, ASA International, Asirvad Microfinance Limited, Chaitanya India and Fusion Microfinance.

The investment is expected to support MFIs in providing over 630,000 new micro-loans to low-income households.
Srini Nagarajan, Managing Director and Head of Asia at CDC, said: “This exciting partnership with Northern Arc marks CDC’s first Pooled Bond Issuance in India, and comes at a time when systemic liquidity is critically needed to mitigate the impact of COVID-19 on vulnerable population in India. We are pleased that our investment will facilitate access for small businesses and will especially ensure that more women in India have improved access to finance, helping to uplift their livelihoods, households and communities.

The PBI product, developed by Northern Arc, pools together for one investor a set of debentures issued by diverse entities. These debentures are partially guaranteed by Northern Arc. For this transaction, Northern Arc worked with CDC through a virtual due-diligence process that covered all six entities, and to structure a product that meets the risk and return requirements of the investor.

Dr Kshama Fernandes, Chief Executive Officer of Northern Arc Capital said: “Northern Arc’s forte has been to introduce impact sectors to investors through its innovative products and structures. CDC’s first investment in a Pooled Bond Issuance in the microfinance sector in India is testament to this. The structure has enabled originators to efficiently access a global DFI and avail long tenor debt on their balance sheet. We see this as a beginning of a long-term partnership that will enable our clients to raise capital through cycles.”



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