Digital lender 50Fin raises $525-K from 100X.VC, angels

50Fin, a Bengaluru-based fintech platform, has raised INR 4.25 crore (USD 525,0000) in a pre-seed funding round co-led by 100X.VC, Keynote Capital and Arun Venkatachalam. The round also saw participation of KRS Jamwal, Aniket Nikumb, KredX founder Manish Kumar, Sumit Khadria, Rajesh Sawhney, and IndiaMart founder Dinesh Agarwal. The company plans to use the funds to further develop its embedded solutions and improve its product portfolio and customer servicing. Co-founded in 2022 by Aditya Srinivas Prasad and Darpan Samir Tanna, 50Fin offers instant loans against mutual funds and shares to customers. The company aims to disburse INR 100 crore loans by the end of the current financial year.