In order to facilitate fundraising, a new digital platform called IMPETUS, has been deployed by MFIN (Micro Finance Institution Network). The platform was launched in partnership with Mindstone Maven LLP.
“The decision has been taken to create a complete ecosystem for Microfinance Institutions in India. The online platform, IMPETUS exclusively for MFIN NBFC-MFI members, has been designed as a dynamic and interactive system to present the aspects quality and quantity of micro-lenders to a range of potential investors and lenders,” a company statement read.
Commenting on the launch, Alok Misra, CEO of MFIN, said, “The platform aims to create a comprehensive ecosystem, in which lenders and investors can have continuous access to updated, validated and curated information on MFIs. The platform also facilitates fundraising interactions between the MFI and lenders/investors.”
“MFIN, with its primary objective of working towards the robust development of the microfinance sector, has taken this impactful initiative to provide a positive impetus to the growth of its member MFIs, especially small and medium MFIs. This initiative is a major step this can go a long way in creating a robust and transparent funding ecosystem for MFIs Mindstone, IMPETUS’ technology and business support partner, aims to make this platform the preferred channel for MFI funding participants with strong capabilities in the primary and secondary markets,” he added.
Additionally, Subash Prasar, Managing Partner, Mindstone Maven LLP, said, “We are extremely excited to have this opportunity to create positive momentum for the MFI ecosystem, which aligns perfectly with our own organizational vision to support the ecosystem of the small and medium-sized business segment. “
Impetus: key features
– The platform has important key features such as comprehensive data collection, data curation, intuitive dashboards, deal initiation, deal facilitation, deal tracking, coordination, logs interaction, etc.
– In addition, the platform aims to bring further enhancements to technology and tools to enhance capabilities to support credit decisions and secondary market transactions for lenders and investors