Indian lendtech Stashfin secures $100m in debt funding
Indian lendtech start-up Stashfin has secured $100 million in a debt funding round led by InnoVen Capital and Trifecta Capital.
Stashfin secures $100m in debt funding
The latest funding follows the company’s $270 million Series C round held in June last year, which valued the firm at over $700 million.
Founded in 2016 and headquartered in New Delhi, Stashfin aims to bring financial services to underbanked populations across India. The firm offers credit with flexible interest rates and helps customers build their credit scores. It was acquired by Singapore-based Morus Technologies in 2017.
With the new funding, Stashfin plans to grow its business further as it aims to reach more customers across the country.
“The new collaborations will add more velocity to our growth given our robust business model and extensive market demand,” says Tushar Aggarwal, CEO and founder of Stashfin.
Some of Stashfin’s current investors include Uncorrelated Ventures, Fasanara Capital, Abstract Ventures, Altara Ventures, Snow Leopard and Kravis Investment Partners. The latest financing brings the company’s total funding to date to over $400 million.
