# InstaCred

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/instacred

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.flexmoney.in
- Total disclosed funding: $4.8M
- Latest round: Series A (Jun 15, 2021)
- Investors on record: 2

## About

Based in Mumbai, India, and established in 2015 by Yezdi Lashkari, Flexmoney Technologies Pvt Ltd. engages in providing a cardless credit platform that enables users to purchase products from its 3,800 merchant partners and pay through the lenders' check-out finance options. In June 2021, Flexmoney Technologies Pvt Ltd. received investment led by Pravega Ventures.

The company provides InstaCred, a digital credit network platform that allows lenders to purchase products from brands and merchants then pay in equated monthly installment (EMI) through its financing partners such as Home Credit, HDFC Bank, and ICICI Bank.

Following the investment in June 2021, Flexmoney Technologies Pvt Ltd. will partner with its investors to further its credit network offerings to more lenders and merchants, launch multiple additional products, and strengthen its position as one of buy now pay later (BNPL) infrastructure in India. "Accessing their website also with www.instacred.me".

## Funding rounds

- Series A, Jun 15, 2021, $4.8M — Pravega Ventures, Z5 Capital

## Investors

- Pravega Ventures (https://capitalatlas.ai/funds/pravega-ventures) — Series A
- Z5 Capital (https://capitalatlas.ai/funds/z5-capital) — Series A