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RupeeRedee's captive NBFC FincFriends raised $13.6M in fundraising to drive financial inclusion

Apr 15, 2024over 1 year ago

Amount Raised

$13.6 Million

GurugramFinancial Services

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.

Company Information

Company

FincFriends

Location

Gurugram, Haryana, India

About

Incepted in 2017, the core objective of FincFriends Private Limited is to deliver financing solutions and provide loans to end customers, through a completely digital and secure process. The company is registered in accordance with applicable laws as a non-deposit taking non-banking financial company with the Reserve Bank of India (RBI).

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