PE Fund Investments
Neo-banking startup Stashfin raises $270-M from Uncorrelated Ventures, Fasanara, others
Singapore-headquartered, India-focused neo-banking platform Stashfin has raised USD 270 million in its Series C round led by Uncorrelated Ventures, Fasanara Capital and Abstract Ventures. Existing investors in the round included Altara Ventures, Kravis Investment Partners and Snow Leopard. The round - which includes both equity and debt - values Stashfin between USD 700-800 million. Stashfin aims to empower customers by offering flexibility and affordable interest rates. Its loans range from INR 1,000 to INR 5,00,000 with repayment periods starting from 3 months to 36 months. It claims to offer interest rates ranging from 11.99% - 59.99% APR (Annual Percentage Rate). The platform will use the funds to expand its footprint in Southeast and South Asia and upgrade technology for new products.
From the Venture Intelligence PE-VC Deal Database: Between Jun-2017 and Apr-2021, Stashfin had raised USD 45 M from Uncorrelated Ventures, RAAY Global Investments, Snow Leopard Technology Ventures, Others.
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