Modernizing digital lending infrastructure for the next billion Indians receives a $40 million funding boost from FinBox.
FinBox, a leading credit infrastructure fintech startup based in India, has raised $40 million in a Series B funding round. The funding round was led by WestBridge Capital, with participation from A91 Partners, Aditya Birla Ventures, and Vista Equity Partners.
Founded in 2017 by Rajat, Anant, Nikhi, and Srijan, FinBox has established itself as a product-first platform that addresses critical gaps in India's credit ecosystem. The startup's AI-native digital lending platform, Sentinel BRE & Partnership Lending Stack (Prism), forms the backbone of its digital lending stack.
The modular architecture, data intelligence, and embedded applications of FinBox are key factors in its ability to create a strong foundation for scalable digital lending. The startup offers a data & API suite to lenders for managing risk, including BankConnect, DeviceConnect, and KYC APIs.
WestBridge Capital's Deepak Ramineedi expressed excitement about partnering with FinBox in its next phase of growth. He believes FinBox is well-positioned towards becoming an integral layer of India's evolving digital credit infrastructure. WestBridge Capital's investment in FinBox is a testament to the startup's potential to transform the digital lending landscape.
FinBox plans to use the fresh capital to accelerate investments in technology, expand its portfolio of solutions, and deepen its digital lending stack. The startup aims to launch new products, expand internationally, and develop a fraud intelligence suite. FinBox also intends to develop agentic AI workflows to further enhance its digital lending platform.
The founding team of FinBox stated that the recent funding marks an important milestone in their journey to redefine credit infrastructure and intelligence for the next decade. They expressed their gratitude to the investors for their faith in FinBox's vision and mission to empower lenders to source better, underwrite faster, fight fraud more effectively, and extend fairer, more accessible credit to millions.
With this funding, FinBox is poised to continue its mission of creating sustainable, world-class financial infrastructure from India for the world. The startup's commitment to innovation, scalability, and sustainability is a beacon for the fintech industry and a step towards a more inclusive and efficient financial ecosystem.
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