What is Fusion?
Fusion operates as a microfinance institution, primarily focused on delivering small-ticket unsecured loans to women in rural and semi-urban regions of India. The company's core mission revolves around empowering these women through income-generating activities, thereby fostering economic development at the grassroots level. Its strategic approach to financial inclusion targets populations often excluded from traditional banking services, making it a vital player in the Indian fintech and microfinance landscape.
How much funding has Fusion raised?
Fusion has raised a total of $49.5M across 4 funding rounds:
Series B
$4.5M
Series C
$8.3M
Series D
$24.3M
Private Equity
$12.4M
Series B (2012): $4.5M with participation from Nordic Microfinance Initiative
Series C (2015): $8.3M led by Belgian Investment Company and Oikocredit
Series D (2016): $24.3M supported by BIO Invest, Creation Investments, GAWA Capital, and Oikocredit
Private Equity (2018): $12.4M featuring Creation Investments, GAWA Capital, and Oikocredit
Key Investors in Fusion
Belgian Investment Company
BIO is a Development Finance Institution that supports private sector growth in developing countries, providing long-term financing and aiming for a balance between return on investment and development impact.
Oikocredit
A social impact investor and worldwide cooperative with over 40 years' experience funding organizations in financial inclusion, agriculture, and renewable energy, aiming to improve living standards for low-income individuals.
Creation Investments
Creation Investments Capital Management specializes in impact-driven private equity and credit portfolios focused on enhancing financial inclusion in emerging markets, serving the unbanked and underbanked populations.
What's next for Fusion?
With its recent major strategic investment and substantial total funding, Fusion is poised for accelerated growth and enhanced impact. The company is likely to leverage this capital to expand its reach into new geographies, develop innovative financial products tailored to its client base, and strengthen its technological infrastructure. Continued focus on empowering women through financial services will remain central to its strategy, aiming to deepen its social impact while pursuing sustainable financial returns.
See full Fusion company page
