Digital lender 50Fin raises $550-K led by Arali Ventures, Nitin Gupta

Bengaluru- based “loan against securities” (LAS) focused fintech startup 50Fin has raised USD 550,000 in its latest funding round led by Arali Ventures and Nitin Gupta. The new capital will help 50Fin to fuel its expansion plans and strengthen its technology.Co-founded in 2022 by Aditya Srinivas Prasad and Darpan Samir Tanna, 50Fin offers instant loans against mutual funds and shares to customers. 50Fin had, in 2023, raised USD 500,000 from 100X.VC, Arun Venkatachalam, and Keynote Fincorp. Since then, its distribution capacity is claimed to have grown by over six times.