Mufin Green Finance, a leading NBFC focused on innovative and accessible financing solutions, has successfully closed its maiden Pass Through Certificate (PTC) transaction of ₹25 crore for its mediclaim financing portfolio build through its LSP partner Bimapay Finsure Private Limited. The transaction has been backed by Aditya Birla Capital Limited, with the underlying pool receiving an A+ rating from CRISIL.
The transaction marks a significant milestone for the company as it enters the structured finance-led fundraising space, while also reinforcing the growing relevance of mediclaim financing as an emerging retail credit category in India. As awareness and adoption of health insurance continue to rise, financing solutions that improve affordability and payment flexibility are becoming increasingly important for consumers. Through this transaction, Mufin Green Finance aims to further strengthen its mediclaim financing business and create a scalable capital framework to support future growth in the segment.
Commenting on the development, Kapil Garg, MD at Mufin Green Finance, said: “Healthcare financing is steadily emerging as an important component of India’s evolving retail lending ecosystem. As health insurance adoption increases across the country, there is a growing need for financing solutions that make premium payments more accessible and manageable for customers. Mediclaim financing has the potential to play a meaningful role in improving affordability and enabling wider participation in the health insurance ecosystem. The successful closure of our maiden ₹25 crore PTC transaction marks an important milestone for Mufin Green Finance. The participation of Aditya Birla Capital and the A+ rating from CRISIL provide strong validation for both the quality of the underlying portfolio and the long-term opportunity within this segment. This transaction strengthens our funding profile and lays a strong foundation for scaling our mediclaim financing business further.”
Mufin Green Finance has been steadily expanding its presence across emerging lending categories through focused product innovation and a disciplined approach to underwriting and portfolio building. The company remains committed to creating accessible and impact-driven financing solutions tailored to underserved and evolving consumer needs.
As of March 2026, the company’s AUM is approx Rs. 1500 crore, reflecting continued momentum in its growth journey and lending operations. The company continues to strengthen its institutional partnerships and funding architecture as it scales its business across high-potential segments.
This transaction reflects the company’s strategic focus on diversifying its liability mix, deepening institutional engagement, and building long-term funding channels to support specialised retail lending products. The participation of a reputed institutional investor and an external rating from CRISIL further underscore the strength of the portfolio and the potential of the category.
With this development, Mufin Green Finance further reinforces its commitment to building a diversified, sustainable, and future-ready lending platform while supporting the broader need for financial inclusion and healthcare affordability in India.
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