FinBox raises $15 Mn round led by A91 Partners
FinBox which is a B2B credit infrastructure fintech, has raised $15 million. A91 Partners led this round with participation from Aditya Birla Ventures and Flipkart Ventures. The existing investors Arali Ventures have also participated in the round.
FinBox is going to use this capital to expand to Southeast Asia. The Bengaluru-based startup announced that it also has plans to double its current workforce.
FinBox enables any digital platform (both fintech and non-fintech) to launch digital credit products such as BNPL, personal loans, working capital loans, invoice financing and others, while its data products give intelligence for credit decisions.
FinBox counts ZestMoney, Khatabook, TrueBalance, Home Credit India, IIFL, large conglomerates, telcos, banks and NBFCs among its clients.