# Indium Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/indium-finance

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.indiumfinance.com
- Total disclosed funding: $0.5M
- Latest round: Series A (Mar 31, 2022)
- Investors on record: 3

## About

Founded in 2019, and based in Mumbai, India, Indiumplus Financial Services Pvt. Ltd., dba Indium Finance, operates as a non-banking financial company (NBFC) platform that primarily helps distributors, wholesalers, and retailers by offering digital SME financial solutions. In August 2022, Indiumplus Financial Services Pvt. Ltd. raised INR 45 million in venture funding from the Indian Angel Network and Manipal Group. Shalabh Mohan and Vivek Kumar are the company's co-founders.

The company offers solutions such as distribution finance, a financing facility that distributors, dealers and retailers can use to finance the purchase of goods from corporates; e-commerce buyer finance, a Buy Now Pay Later (BNPL) solution for online purchases by SMEs on its partner B2B e-Commerce platforms; and online merchant finance, revenue-based financing for SME merchants selling.

The organization plans to use the August 2022 funding to further focus on accelerating the acquisition of new customers and building the product platform, as well as expanding the sales and technology teams.

## Funding rounds

- Series A, Mar 31, 2022, $0.5M — Moonbeam Capital Managers, Indian Angel Network, Manipal Media Networks

## Investors

- Moonbeam Capital Managers — Series A
- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Series A
- Manipal Media Networks — Series A