# Bold Finance Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bold-finance-technologies-private

- Industry: Financial Services
- Headquarters: Udaipur, India
- Total disclosed funding: $1.6M
- Latest round: Seed (Sep 23, 2022)
- Investors on record: 2

## About

Founded in 2021 by Nikhil Jain and Durgesh Suthar, and based in Mumbai, India, Bold Finance Technologies Private Limited operates as a financial technology company that offers gold loans to its customers. In November 2022, Bold Finance Technologies Private Limited raised USD 1.5 million in seed funding led by investor Kae Capital, with participation from Antler and individual investors. As of 2023, the company operates from over 80 branches in Karnataka and Maharashtra in India. 



Bold Finance leverages customer data from existing jewelers' shops, pawnbrokers, money lenders, etc. to facilitate customer acquisition, gold appraisal, and loan disbursement, while collaborating with banks to underwrite loans and facilitate gold collateral storage to improve credit availability for users from tier-2 and tier-3 cities.



The company intends to use the November 2022 funding to open operations in other states in India such as Gujarat and Maharashtra.

## Funding rounds

- Seed, Sep 23, 2022, $1.6M — Kae Capital, Antler

## Investors

- Kae Capital (https://capitalatlas.ai/funds/kae-capital) — Seed
- Antler (https://capitalatlas.ai/funds/antler) — Seed