Company Background:
Founded in 2015, Bangalore-based startup specializes in financial planning and distribution of various financial products, partnering with both PSUs and private banks to offer open architecture-based technology solutions.
Problem:
Despite having a term sheet, the company couldn’t raise CPs due to its low A4+ rating, falling short of the required A3 minimum.
Solution:
With FinMen’s involvement, a detailed report was submitted to the rating agency, simplifying the business complexity for better understanding. Multiple rounds of discussions ensured clarity, supported by necessary documents and enhanced presentation of data in the form of dashboards and charts, ultimately leading to factual support for the rating upgrade.
Impact:
FinMen Advisors successfully executed the assignment, leading to the company achieving the desired rating. This enabled successful CP placement and facilitated the development of their MTF book.
