[Funding alert] Fintech Startup Finsire Secures $1.3 Mn in Seed Funding
Finsire, a fintech company, reported that it had received $1.3 million in seed funding from strategic investors.
The round saw participation from iSeed, Spark Capital, Devx, 1947 Rise, Adept ventures, Portal Angel Investors, Purple Matters, DeVC India, Lets Ventures, Shashank Kumar and Harshil Mathur, Co-Founders of Razorpay and Mars Shot Ventures, Co- founder of M2P Fintech, MadhuR, Prabhu R and Muthu A, Lalit Keshre, CEO Groww, Maninder G, CSO, OYO, Justin Caldbeck, Co-Founder Binary Capital, Abhinav Sinha, COO & CPO, OYO, Mr. Mohan K, Co-Founder & CEO, IppoPay, Pratekk Agarwal from Growthcap Ventures, Abhishek Goyal, Tracxn, Founder, Abhishek Rungta Founder, Indus Net Tech, Rahul Mathur, Founder,Verak, Meet Semlani, Co-founder, Tartan, Amit Goel, Founder, Medici, as per reported by Indianweb2.
Read also – [Funding alert] Sports Collectibles & Skill Gaming platform BuyStars Secures $5 Mn in pre-series A led by Lumikai
Mr. Shreyans Nahar, CEO and Co-founder of Finsire, said, “Excited to build the Digitized secured infrastructure for India. Once in a lifetime opportunity for us; Indian households hold over 14 trillion dollars in assets, and global households’ assets are over 400 trillion dollars. Today these assets are extremely hard to pledge. The idea is to allow the asset holder to do what they wish to do with these assets.”
Mr. Shiva Singh Sangwan, Founder, 1947Rise commented, “Finsire is building the secured credit Infrastructure for India by collateralizing the vast majority of the assets available in the country. Digitizing these is a long game. I am super excited that Shreyans decided to move back to India to build Finsire from India.”
Read also – [Funding alert] Gold Loan Startup Yellow Metal Secures $3 million in Funding led by MSA Novo
Commenting on the funding, Mr Meet Semlani, Co-founder, Tartan said, “Shreyans, Mridul and Subu are building a once in a generation company. In today’s economic climate, it is essential to provide a supportive infrastructure for Banks, NBFCs and Fintech institutions that rely on assets and income as collateral. These businesses form the backbone of our economy, and their growth and success are vital to the prosperity of our society. Moreover, providing access to capital and financing through asset-based lending can help bridge the gap between traditional banking and underserved communities, allowing for greater inclusion and economic mobility. In short, investing in infrastructure for asset and income-backed companies is not only a smart choice—it is the need of the hour.”
Finsire is a lending Infrastructure Platform that integrates with Financial Institutions, Fintechs, Asset holding brokers, and their distribution to collateralize Income and digital assets of borrowers to provide credit. By building embedded lending services and providing platforms or APIs for all the stakeholders.
Read also – Capgemini India, in partnership with IIM Bangalore’s NSRCEL, announces their 2nd cohort to support startups with Tech-Driven Social Innovations