# Finsire Technologies Private

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

- Industry: Financial Services
- Headquarters: Chennai, India
- Website: www.finsire.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Mar 15, 2023)
- Investors on record: 9

## About

Based in Tamil Nadu, India, and founded by Shreyans Nahar (CEO), Mridul Manhas, and Subramaniam Chintamani in 2021, Finsire Technologies Private Limited operates as a fintech company developing lending Infratech and asset collateralization API (application programming interface). In March 2023, the firm raised USD 1.3 million in seed funding led by investors 1947 Rise, Adept Ventures, Dev Accelerator Private Limited, DeVC India, iSeed, etc.

The company by integrating with financial institutions such as banks, NBFCs (Non-bank financial companies), fintech, credit, asset holding brokers, and their distribution through its lending infrastructure platform, collateralizes Income and digital assets of borrowers to provide them with credit and helps financial institutions to maximize their lending capabilities. The 2 products offered by the company include Earned Salary Overdrafts, which allow banks and NBFCs to co-lend to the corporate accounts managed by the banks, and Digital Collateralized Lending, which allows banks and NBFCs to co-lend on secured digital assets such as gold, insurance, stock, and bonds.

The company plans to utilize its March 2023 funding to increase its team size, build more products and serve integrations in the pipeline.

## Funding rounds

- Seed, Mar 15, 2023, $1.3M — Spark Capital, LVX, iSeed, Dev Accelerator, Adept Ventures, 1947 Rise, Mirae Asset Capital (China), Portal - Angel Investing ++, Purple Matter

## Investors

- Spark Capital — Seed
- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- iSeed (https://capitalatlas.ai/funds/iseed) — Seed
- Dev Accelerator (https://capitalatlas.ai/funds/dev-accelerator) — Seed
- Adept Ventures (https://capitalatlas.ai/funds/adept-ventures) — Seed
- 1947 Rise (https://capitalatlas.ai/funds/1947-rise) — Seed
- Mirae Asset Capital (China) (https://capitalatlas.ai/funds/mirae-asset-capital-china) — Seed
- Portal - Angel Investing ++ — Seed
- Purple Matter — Seed