Algoquant Fintech Limited announced on Thursday, July 17, that it has secured credit facilities worth ₹280 crore from Axis Bank to support its business expansion plans.
According to the company’s filing with the BSE, these facilities include bank guarantees and other credit lines, which will help strengthen its revenue-generating capabilities. The sanction comes after the company received its SEBI stock broker registration on April 16, 2025, along with membership approvals from NSE, BSE, and MCX.
The company stated that the additional credit will enable it to scale operations significantly and improve its financial performance in the coming quarters.
“The availability of these credit facilities is expected to have a significant positive impact on our revenue operations,” the company said in its communication to the exchanges.
Krishna Kumar Yadav, Company Secretary & Compliance Officer of Algoquant Fintech, signed off the letter, thanking the exchange for its support.
