PE Fund Investments
B2B credit infrastructure enabler FinBox raises $15-M from A91, Aditya Birla Ventures, others
Bengaluru-based FinBox, a B2B credit infrastructure fintech startup, has raised USD 15 million (INR 115 crore) in a Series A funding round led by A91 Partners. The funding round also saw participation from Aditya Birla Ventures and Flipkart Ventures, besides existing investor, Arali Ventures. FinBox's technology enables any digital platform (both fintech and non-fintech) to launch “embedded†credit products such as BNPL (buy now, pay later), personal loans, working capital loans, and invoice financing. FinBox also provides credit risk intelligence to more than 25 banks, NBFCs (non-banking financial companies) fintechs and credit marketplaces. FinBox plans to use the funds raised to scale operations and offerings and expand to Southeast Asia and double its current workforce.
From the Venture Intelligence PE-VC Deal Database: In Aug-19, FinBox had raised over INR 2 Cr from Arali Ventures and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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