Msme Lender Indifi Technologies Raises $35 Million In New Funding Round
06/13/23, 6:49 AM
Location
gurgaonMoney raised
$35 million
Industry
financial services
Micro, small and medium enterprise (MSME)-focused lending platform Indifi Technologies on Tuesday said that it has raised Rs 290 crore (or roughly $35 million) as part of its latest round of funding. Till date the company has raised around $85 million in equity funding, data from Tracxn shows.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardUnmuteCurrent Time 0:01/Duration 50:11Loaded: 1.17%00:01Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -50:10 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedPicture-in-PictureFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementThe round was led by funds managed by ICICI Venture, along with participation from existing investors, including British International Investment, OP Finnfund Global Impact Fund I, Omidyar Network India, Flourish Ventures and CX Partners. According to the company, it will use the fresh capital to expand its current operations, enhance its presence across existing and newer markets, as well as to develop newer markets across the MSME sector
Company Info
Location
gurgaon, haryana, india
Additional Info
Indifi believes in helping small businesses grow by offering loans to those that have potential and intent. Most such businesses have little or no access to financing from traditional institutions such as banks or lack either collateral or finance data trail to access a loans.
Indifi is a technology platform that gathers and analyses data of businesses from various sources and draws insights to judge their credit worthiness, their past and current performance in context of the industry they are operating in. This differentiated approach helps find businesses that are low on risk and high on promise thus opening up possibilities for those who earlier had no access to short or long term business funding.
Indifi takes the relevant applications to multiple lenders, increasing the chances to secure a loan and creates choice for lenders to pick the ones they wish to back.
The approach makes the loan process smart by minimizing risk, reducing paperwork and associated costs, while providing a simple and hassle free experience setting the businesses on the path to growth.