FinBox, a Bengaluru, India-based B2B fintech SaaS startup that provides B2B credit infrastructure, raised $15 million (INR 115 Cr) in Series A funding.
The round was led by A91 Partners, with participation from Aditya Birla Ventures, Flipkart Ventures, and Arali Ventures.
FinBox will use the funding to scale its offerings and expand to South East Asia. The company also announced that it’ll be doubling its current workforce to power its expansion.
Company: Moshpit Technologies Pvt. Ltd.
Raised: $15.0M
Round: Series A
Funding Month: June 2022
Lead Investors: A91 Partners
Additional Investors: Aditya Birla Ventures, Flipkart Ventures, and Arali Ventures
Company Website: https://finbox.in/
Software Category: B2B credit infrastructure
About the Company: Founded by Rajat Deshpande, Anant Deshpande, Srijan Nagar, and Nikhil Bhawsinka in 2017, FinBox is a B2B credit risk management platform with proprietary data connectors that assists in lending to self-employed merchants, non-banking financial companies (NBFCs), and new-to-credit customers. FinBox enables platforms in the fintech and non-fintech space to launch digital credit products such as BNPL (buy now pay later), personal loans, working capital loans, and invoice financing. FinBox counts the likes of ZestMoney, Khatabook, TrueBalance, Home Credit India, IIFL, large conglomerates, telcos, banks, NBFCs, and other Fortune India 500 companies among its clients. FinBox’s mission is to democratize financial services for the next billion Indians.
Source: https://yourstory.com/2022/06/funding-fintech-startup-finbox-seriesa-a91partners/amp