Jai Kisan, a fintech firm with a focus on rural areas, has acquired a controlling share in Kushal Finnovation Capital, a non-banking finance company (NBFC) that specializes in supply chain financing. As a result of this transaction, Jai Kisan has gained an NBFC license.

Jai Kisan, a rural fintech firm, has raised $18 million (INR 142 Cr) in its Series B funding round led by Blume Ventures.