FincFriends closes $11.5 Mn debt funding round

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Here’s the information extracted from the content provided:

Overview

  • Startup: FincFriends
  • Founded: 2017
  • Type: Non-Banking Financial Company (NBFC)

Fundraising Details

  • Total Amount Raised: Rs 98.5 crore ($11.5 million)
  • Funding Series: Q4 FY25

Breakdown of Funding

  • From NBFCs: Rs 54.5 crore
  • Via Non-Convertible Debentures (NCDs): Rs 44 crore

Investors

  1. IBL Finance
  2. Incred Financial Services
  3. Real Touch Finance
  4. Shine Star Build-Cap
  5. Western Capital Advisors Private Limited

Key Quotes

  • CEO: Artem Andreev
  • Focus: Accessibility of responsible credit across India, targeting underserved communities.

Purpose of Funding

  • Scale operations
  • Introduce new personal credit offerings
  • Empower borrowers and enhance digital innovation in lending.

If you need more information or details, feel free to ask!

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2025-07-01 08:32:23