# Fundfina Technologies Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fundfina-technologies-pvt

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.fundfina.com
- Total disclosed funding: $1.1M
- Latest round: Seed (Nov 23, 2021)
- Investors on record: 4

## About

Based in India, and founded in 2017, Fundfina Technologies Pvt Ltd, trading as Fundfina, operates as a financial company that offers financing products to its customers. The company was founded by its CEO Rahul Tripathy, Nishant Bhaskar, Bikram Bajaj, and Abhijit Naik. In February 2022, Fundfina Technologies Pvt Ltd raised INR 100 million in seed funding led by new investor LetsVenture, with participation from other new investors NAFA Capital Advisors, Telama Investments Private Limited, and Hem Securities Ltd. As of 2022, the company has a client base of over 600,000 micro and small businesses across 26 Indian states.

Fundfina Technologies operates a business-to-consumer-to-business financing platform called TrueScore™, that assists enterprises, micro, small, and medium-sized businesses in measuring the volatility expected in their sales turnover and determining their creditworthiness. The company's other offerings include personal loans which are available through the company's FutureSecure division, as well as MerchantBrisk, a financing solution that helps businesses to buy inventory, improve working capital, and better manage liquidity.

The company plans to use the February funds to accelerate its vision of building an open marketplace bank for institutions to serve MSME financing needs.

## Funding rounds

- Seed, Nov 23, 2021, $1.1M — LVX, Telama Investments Private Limited, Hem Securities Ltd., NAFA Capital Advisors

## Investors

- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- Telama Investments Private Limited — Seed
- Hem Securities Ltd. — Seed
- NAFA Capital Advisors (https://capitalatlas.ai/funds/nafa-capital-advisors) — Seed