Dugar Finance Powers Growth with $3 Million Boost from Symbiotics Investments
Dugar Finance Receives $3 Million Investment to Fuel Solar and MSME Growth
Dugar Finance & Investments Ltd, a leading non-banking financial company (NBFC) with a strong foothold in the solar and Micro, Small, and Medium Enterprises (MSME) sectors, has announced a significant boost to its operations. The company has successfully secured $3 million in debt financing from Symbiotics Investments, a renowned Swiss-based impact investment firm. This funding comes from the $75-million Green Basket Bond, highlighting Dugar Finance’s commitment to sustainable and impactful lending.
Why This Investment Matters
This $3 million injection represents a crucial milestone for Dugar Finance. It allows the company to further expand its reach and provide vital financial services to businesses operating within the solar energy and MSME landscapes. Australia's renewable energy sector is experiencing rapid growth, and Dugar Finance is strategically positioned to support this expansion. Similarly, MSMEs are the backbone of the Australian economy, and access to finance is often a key barrier to their growth. Dugar Finance plays a vital role in bridging this gap.
The Green Basket Bond and Impact Investing
Symbiotics Investments’ Green Basket Bond is specifically designed to support companies with a positive environmental and social impact. By participating in this bond, investors are directly contributing to projects that promote sustainability and responsible business practices. Dugar Finance’s selection as a recipient of funding underscores its alignment with these values and its dedication to responsible lending.
What Will the Funding Be Used For?
Dugar Finance intends to utilise the $3 million debt facility to:
- Expand lending to solar energy businesses: Supporting the development and deployment of renewable energy projects across Australia.
- Increase financial support for MSMEs: Providing access to capital for small businesses to grow, create jobs, and contribute to the Australian economy.
- Strengthen operational capacity: Investing in infrastructure and personnel to improve efficiency and service delivery.
Looking Ahead
This partnership with Symbiotics Investments signals a bright future for Dugar Finance. The company is well-positioned to capitalise on the growing demand for finance in the solar and MSME sectors, while simultaneously contributing to a more sustainable and equitable Australian economy. The funding demonstrates confidence in Dugar Finance’s business model and its ability to deliver positive impact.
About Dugar Finance & Investments Ltd: Dugar Finance & Investments Ltd is a non-banking financial company dedicated to providing innovative financial solutions to the solar and MSME sectors in Australia. Their mission is to empower businesses and contribute to a thriving and sustainable economy.
About Symbiotics Investments: Symbiotics Investments is a leading impact investment firm based in Switzerland, committed to providing financing to companies that generate positive social and environmental impact.
