Supply chain finance player FinAGG raises $3-M from BLinC Invest, Prime Venture

Noida-based FinAGG Technologies, a fintech startup offering cash-flow based supply chain finance, has raised USD 3 million in its pre-Series A round led by BLinC Invest. Existing investor Prime Venture Partners also participated in the funding round. Founded by Nipun Kohli, FinAGG provides closed-loop credit solutions to distributors, retailers and MSMEs via its proprietary platform Quick Cash Flow. The fresh funds will be used to launch new products, expand current products in new cities, augment lending partnerships, and invest in technology.