Warburg Pincus led a $48m funding round in Avanse Financial Services.

Warburg Pincus, a private equity firm, led a $48m funding round in Avanse Financial Services, a consumer lender, with participation from International Finance Corporation. "This growth capital raised will enable us to strengthen our balance sheet and capital adequacy ratio. The freshly infused equity will allow us to reach out to more students to fulfil their academic aspirations and boost the domestic education ecosystem," Avanse Financial Services.