B2B fintech co Indium Finance raises Rs.4.5 Cr from IAN

Indium Finance, a Mumbai-based business-to-business (B2B) fintech platform for distributors, wholesalers and retailers, has raised INR 4.5 from Indian Angel Network (IAN). The investment round was led by IAN members Sanjay Rishi, Raman Roy and Manipal Group. Founded in 2019 by Shalabh Mohan and Vivek Kumar, Indium Finance claims to be working with multiple corporate and B2B e-commerce partners, giving it access to more than 25,000 distributors, dealers and retailers. Indium plans to use the raised funds for accelerating the acquisition of new customers, building the product platform, and for expanding the sales and technology teams. The company also plans to collaborate with new corporate and e-commerce partners.