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Optimo Secures ₹100 Cr from PNB, Partners with Godrej Finance for MSME Lending

Optimo Capital has secured ₹100 crore in funding from Punjab National Bank and entered a co-lending partnership with Godrej Finance Limited to disburse ₹200 crore over the next year. The technology-driven NBFC specializes in digital loan-against-property financing for MSMEs, addressing a significant credit gap in the sector. It leverages AI and vast property data to provide quick in-principle sanctions and maintains strong financial health with low NPAs and consistent profitability. The company currently operates over 51 branches across five states and manages assets exceeding ₹430 crore.

Key Points: Optimo Gets ₹100 Cr from PNB, Partners with Godrej Finance

  • Secured ₹100 crore from Punjab National Bank
  • Co-lending partnership with Godrej Finance for ₹200 crore disbursal
  • India's first digital secured loan-against-property for MSMEs
  • Manages over ₹430 crore AUM with NPAs below 0.7%
  • Profitable since inception, generating ₹2-3 crore monthly
2 min read

Optimo secures ₹100 crore from PNB, enters into co-lending partnership with Godrej Finance

Optimo Capital secures ₹100 crore from PNB and a co-lending pact with Godrej Finance to disburse ₹200 crore to MSMEs via digital loan-against-property.

"By combining technology with disciplined underwriting, we aim to deliver faster and safer credit access for entrepreneurs across India. - Prashant Pitti"

New Delhi, March 18

Optimo Capital, a fast-growing 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 Limited, to disburse Rs 200 crore over the next 12 months.

The announcement comes six months after Optimo raised Rs 150 crore in equity funding, led by Blume Ventures and Omnivore, alongside founder Prashant Pitti.

Optimo is India's first digital secured loan-against-property (LAP) financing for MSMEs, a segment where many entrepreneurs struggle to access timely credit despite having collateral.

Optimo's technology-driven lending infrastructure leverages 77 lakh historical mortgage and property transaction records, AI-Agent driven property inspection and valuation, and in-principle loan sanction letters delivered within a few hours.

Optimo currently manages over Rs 430 crore in assets under management, while maintaining gross NPAs below 0.7 per cent.

The company has been profitable since inception (past 22 months) and currently generates Rs 2-3 crore in profit every month.

Optimo recently received a BBB (Stable) credit rating from CARE Ratings, reflecting its disciplined lending practices and stable financial performance.

Today, the company operates more than 51 branches across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh, serving MSME borrowers in rural and semi-urban markets and have over 500 employees across various department.

"India's MSME sector continues to face USD 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."

- ANI

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Reader Comments

R
Rohit P
A BBB rating from CARE and NPAs below 0.7% is very impressive for a young NBFC. It shows they are not just chasing growth but are also responsible with their lending. PNB's involvement adds a layer of trust. Hope they expand to Gujarat and Maharashtra soon.
A
Aman W
The $240 billion credit gap figure is staggering. While this is a positive step, I hope the focus on "technology-driven" lending doesn't mean they overlook the ground reality for many MSMEs who are not digitally savvy. The human touch is still crucial, especially in rural areas.
S
Sarah B
Profitable since inception and generating 2-3 crore monthly profit? That's a solid operational model. Leveraging 77 lakh property records for valuation is smart. This is exactly the kind of fintech innovation India's MSME sector needs to unlock its potential.
V
Vikram M
Good to see a partnership between a public sector bank (PNB) and a private NBFC. This co-lending model can really help bridge the last-mile gap. Godrej Finance's involvement is also a strong signal. Hope the benefits reach the actual small shop owners and manufacturers.
K
Karthik V
As someone who tried to get a business loan last year, I can vouch for the pain. Endless paperwork, weeks of waiting, and then rejection. If companies like Optimo can simplify this with tech, it will boost the entire ecosystem. More competition in this space, please!

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