Mufin Green Finance has closed its maiden Pass Through Certificate transaction worth Rs 25 crore for its mediclaim financing portfolio, built through its LSP partner Bimapay Finsure Private Limited.
The transaction is backed by Aditya Birla Capital Limited, with the underlying pool receiving an A plus rating from CRISIL.
This marks the company’s entry into structured finance-led fundraising while highlighting the growing relevance of mediclaim financing as an emerging retail credit category. With rising awareness and adoption of health insurance, financing solutions that improve affordability and payment flexibility are gaining importance.
Kapil Garg, Managing Director, Mufin Green Finance, stated that healthcare financing is becoming a key part of India’s retail lending ecosystem, with mediclaim financing playing a role in improving access and affordability.
He added that the transaction strengthens the company’s funding profile and supports the scaling of its mediclaim financing business.
Mufin Green Finance has been expanding across emerging lending segments through product innovation and disciplined underwriting.
As of March 2026, the company’s assets under management stand at approximately Rs 1500 crore, reflecting continued growth momentum.
The transaction aligns with the company’s strategy to diversify its liability mix, deepen institutional partnerships, and build long-term funding channels for specialised retail lending products.
The participation of an institutional investor and the external rating further reinforce the strength of the portfolio and the potential of the segment.
With this development, Mufin Green Finance aims to strengthen its position as a diversified and future-ready lending platform while supporting financial inclusion and healthcare affordability in India.
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