Strategic financing aligns with company’s long-term ambitions in fintech and capital markets

New Delhi, 19 July 2025

In a strategic move aimed at reinforcing its financial capabilities and supporting its ongoing expansion plans, Algoquant Fintech is proud to announce that it has successfully secured credit facilities totaling ₹280 crores from Axis Bank, one of India’s leading private sector banks.

This development follows a series of significant milestones achieved by the Company in recent months. Pursuant to a Scheme of Arrangement and in line with its broader vision to evolve as a major player in India’s financial and investment services sector, the Company applied for registration as a Stock Broker with the Securities and Exchange Board of India (SEBI). On April 16, 2025, SEBI granted the registration certificate, enabling the Company to operate formally within the capital markets ecosystem.

Simultaneously, the Company has obtained memberships from India’s premier financial exchanges — NSE (National Stock Exchange), BSE (Bombay Stock Exchange), and MCX (Multi Commodity Exchange) — establishing a robust infrastructure to support its trading and brokerage operations.

As part of its growth and operational strategy, the Company approached Axis Bank to avail a diverse range of credit instruments, including Bank Guarantees and other working capital facilities, necessary to scale its activities and meet the dynamic demands of the industry. Following thorough deliberation and assessment, Axis Bank sanctioned credit facilities worth ₹280 crores, subject to the standard terms and conditions outlined in the official sanction letter.

“This credit facility comes at a critical time when the Company is expanding its footprint and aligning itself with national financial goals. The sanctioned amount will enhance liquidity, enable smoother operations, and help in meeting regulatory and capital requirements as we scale up,”

The Company believes that this financial backing will significantly boost its revenue-generating capacity by providing the required capital to explore new market opportunities, improve operational efficiency, and foster innovation in service delivery.

The strategic infusion of funds not only underscores the confidence that a reputed institution like Axis Bank has in the Company’s growth trajectory but also aligns with the Company’s long-term vision of becoming a key contributor to India’s evolving financial services landscape.