The capital infusion will help Clix fund projects that are aimed at sustainability and projects that can help fight climate change.
GCPF is a Luxembourg-based impact investing fund managed by responsAbility Investments AG.
In a statement, the NBFC said that the Rs 1,200 crore debt funding in the current quarter is the highest since its inception.
“As a responsible lender, we are committed to supporting India’s green journey via credit support and assisting businesses with CO2 reporting, green lending development, and environmental and social risk management initiatives,” said Rakesh Kaul, chief executive officer, Clix Capital.
Clix extends unsecured retail loans to small enterprises. It also offers consumer loans and secured loans for school and healthcare equipment financing. Only a small portion of its loan book is exposed to the corporate sector.
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The fintech is primarily owned by global alternative investment manager Apollo Global Management along with individuals such as Pramod Bhasin (cofounder of IT servicing company Genpact) and Anil Chawla (erstwhile CEO of GE Commercial Finance). Kaul joined Clix Capital in August 2021. Prior to that he was heading SME and consumer lending at Malaysian bank RHB Malaysia. Interestingly, Clix Capital was initially led by Bhavesh Gupta, who moved out in 2020 to join Paytm. Clix Capital also works with Paytm, and is currently underwriting a chunk of its consumer loans.
In the statement issued today, the company said that its assets under management had shot up 43% year on year, with profitability surging more than 500%. According to regulatory filings, the company reported a net loss of Rs 98.5 crore in FY2022, against a profit of Rs 12.9 crore in FY2021. As of March 2022, Clix Capital had total assets under management of Rs 3,685 crore.