Leasetech Startup Origa Lease Finance Raises $2 Mn Debt
Leasetech startup Origa Lease Finance has raised $2 Mn in debt from a number of investors. The company has raised the amount by issuing Non-Convertible Debentures (NCDs) to several entities.
Origa claims to help small and medium enterprises (SMEs) enhance their business capacity by offering equipment leasing and lifecycle solutions, by providing complete Asset Life Cycle Management (ACLM) — from the selection of the asset to financing it to recycling it at the end of the tenure.
“Investors have shown their strong conviction in Origa’s unique and highly differentiated business model that solves real-world problems on the ground,” says Shrirang Tambe, founder and CEO of Origa Lease Finance.