RupeeRedee's captive NBFC FincFriends raised $13.6M in fundraising to drive financial inclusion
Apr 15, 2024•over 1 year ago
Amount Raised
$13.6 Million
Investors
Grow Money CapitalIn Cred FinanceApv Management Pte Ltd
Description
FincFriends, the captive NBFC of RupeeRedee, raised $13.6 million in equity and $8.1 million in debt through multiple funding sources, to accelerate product offerings, scale operations, and drive financial inclusion in emerging markets.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech