Angel Investments
Financing platform for MSMEs Fundfina raises $1.3 M from LetsVenture, others
Mumbai-based Fundfina, a B2B2B embedded financing platform for enterprises and MSMEs, has raised USD 1.3 million (INR 10 crore) as part of its seed round. The round saw participation from LetsVenture AIF Syndicate, led by Pratekk Agarwaal, ex-CBO, BharatPe; Telama Investment; NAFA Capital, a BSE-listed NBFC; Hem Angels and follow-on from all of existing angels and impact investors. The company had raised USD 0.3 million in January 2020 that saw participation from senior executives of banks, asset management firms and technology firms. Founded by Rahul Tripathy, Nishant Bhaskar, Bikram Bajaj and Abhijit Naik in 2019, Fundfina claims to empower small businesses to grow, manage and protect cash-flows. The company enables brands and institutions to grow and retain their distribution network over an open and trusted embedded financial marketplace.
From the Venture Intelligence Angel Investments Database: In Dec-21, Fundfina raised INR 4 crore from Hem Angels and others.
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