# Aeries Financial Technology Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aeries-financial-technology-private

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.cashe.co.in
- Latest round: Series A (Apr 1, 2017)
- Investors on record: 1

## About

Aeries Financial Technology Private Limited is a digital financial services platform specializing in providing instant personal loans to salaried professionals across India, enhancing access to credit with technological innovations.Founded in 2016, Aeries Financial Technology Private Limited operates from Mumbai, India. The company specializes in offering financial services, primarily focused on personal loans. The firm raised INR 1400 mn in a funding round in January 2022, led by TSLC, with this capital aimed at reviving profits and expanding its product portfolio. Yashoraj Tyagi serves as the CEO.CASHe is a digital financial services platform primarily offering instant personal loans to salaried professionals across India. The core product allows users to apply for unsecured personal loans ranging from ?50,000 to ?3,00,000, with repayment tenures varying from 9 to 18 months. By leveraging advanced technology, including a proprietary algorithm known as the Social Loan Quotient (SLQ), CASHe creates a nuanced credit profile for its users, which allows for quick approvals and disbursals of funds within minutes. The service targets a diverse customer base, including millennials and working professionals in urban and rural regions, addressing various financial needs such as medical expenses, travel, and consumer purchases. Additionally, CASHe provides a pre-approved credit limit of up to ?2 lakhs and offers alternative investment products like digital gold, expanding its financial solutions beyond personal loans.Aeries Financial Technology Private Limited generated revenue of INR 69,848,255.50 in the most recent year, 2023. The company's revenue model is primarily based on the interest charged on personal loans and various fees associated with its financial products. Users typically pay interest only on the amount utilized, with flexible repayment options that cater to different financial capacities. The platform's offerings are designed to meet financial needs quickly, supporting its revenue generation from active customer engagement and repeat usage of its services.In January 2022, Aeries Financial Technology Private Limited raised INR 1400 mn in venture funding led by TSLC. The company plans to utilize this funding to enhance profitability, expand its product portfolio, and introduce new offerings in wealth tech. Additionally, Aeries Financial aims to bolster investments in operations, product development, data sciences, and technology to support its future growth initiatives.

## Funding rounds

- Series A, Apr 1, 2017 — Florintree

## Investors

- Florintree (https://capitalatlas.ai/funds/florintree) — Series A