# Kshama Fernandes

> Kshama Fernandes is a debt financing investor at Northern Arc backing FinTech. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Northern Arc](https://shizune.co/investors/profile/ifmr-capital)
- Location: Chennai, India
- Total investments: 5
- Last investment: Aug 2019
- Lead investor: 100%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/kshama-fernandes-0b6b312b/

Kshama Fernandes is a debt financing investor at Northern Arc in Chennai focused on FinTech and Financial Services. Kshama Fernandes has been the Chief Executive Officer and Executive Director of IFMR Capital Finance Private Limited and serves as its Managing Director and Senior Partner. Kshama Fernandes served as the Chief Risk Officer and Head of Risk Management at IFMR Capital Finance Private Limited. Prior to joining IFMR Capital, she was Professor and Headof Finance at Goa Institute of Management. She has worked on consulting assignments for the World Bank, the Chicago Mercantile Exchange, Ministry of Finance, Government of India, and NSEIT. She developed the SEBI mandated certification programme for derivatives for the National Stock Exchange (NSE) and NCDEX. Kshama Fernandes is a Director of IFMR Investment Managers Private Limited. She has extensive experience across financial advisory, consulting, and academia.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 40% |
| Financial Services | 2 | 40% |
| Apps | 1 | 20% |
| Finance | 1 | 20% |
| Payments | 1 | 20% |

7 industries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Kanakadurga Finance | Kanakadurga Finance offers financial solutions to rural, semi-urban and urban borrowers. |  | Debt Financing | Aug 13, 2019 |  |
| Chaitanya India Fin Credit | Chaitanya India Fin Credit is an NBFC-MFI and a wholly owned subsidiary of Svatantra Microfin Pvt. Ltd. |  | Debt Financing | May 16, 2018 |  |
| Aye Finance | Aye Finance is a finance company that provides business loans to micro and small businesses in Northern India.The company's mission is to provide innovative and customer-centered financial services to micro and small business through effective technology and robust processes. It works with a relevant technology to facilitate better financialinclusion and to consequently serve micro-enterprises.Aye Finance was founded in 2014 and is headquartered in Gurgaon, Haryana, India. | $4.8M | Debt Financing | Jan 24, 2018 |  |
| FR8 | Fr8 is a next-generation long haul logistics company that solves the inefficiencies in the logistics landscape through the adoption of technology.FR8's technology platform connects Customer, Transporter, Truck Driver and the Truck seamlessly. We own the entire customer experience, whilst aiding the price and route optimization to reduce thecost of operations for the customers. | $1.2M | Debt Financing | Nov 28, 2017 |  |
| CASHe | CASHe is a fin-tech product from TSLC PTE. LTD. and is as unique as the young professionals it serves. In a smart digital world, CASHe offers millennials quick and easy personal loans through processes that are transparent, innovative, and tuned to the times. CASHe utilizes sophisticated algorithms and machine learning capabilities to deliver anamazing and improved lending experience to our customers, thereby helping young professionals achieve their financial goals effortlessly. An app that offers instant transfer of funds for approved applicants. | $3.1M | Debt Financing | Oct 23, 2017 |  |

5 of 5 investments shown.

## About Northern Arc

VC Fund · Chennai, India

Northern Arc Capital is a non-banking finance company that provides access to debt for under-served investors and businesses. Northern Arc Capita connects originators so that they may deepen their presence and provide access to financial services to millions of under-served households. Northern Arc Capital formerly Known as IFMR Capital.

5 contacts available at Northern Arc.

| Name | Title | Profile |
| --- | --- | --- |
| Bama Balakrishnan | COO | https://shizune.co/investors/profile/bama-balakrishnan-2ff1 |
| Kshama Fernandes | Chairperson | https://shizune.co/investors/profile/kshama-fernandes |
| Pardhasaradhi R | Chief Risk Officer | https://shizune.co/investors/profile/pardhasaradhi-r |
| Ashish Mehrotra | MD and CEO | https://shizune.co/investors/profile/ashish-mehrotra-fcc8 |
| Salil G Nair | Chief Technology & Information Officer | https://shizune.co/investors/profile/salil-g-nair |

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## FAQ

### What does Kshama Fernandes invest in?

Kshama Fernandes invests primarily in FinTech, Financial Services and Apps startups, most often at Debt Financing stage. Most of the 5 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Kshama Fernandes last invest?

The most recent investment recorded for Kshama Fernandes closed in Aug 2019. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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