Dark
Light

FinAGG Technologies secures $11M funding in co-led Series A round.

1 min read
79 views

TLDR:
– Fintech firm FinAGG Technologies has raised $11 million in its Series A round of funding.
– The funding round was co-led by BlueOrchard and Tata Capital and also included participation from Small Industries Development Bank of India (SIDBI) and Prime Venture Partners.
– FinAGG will use the funding to expand its offline and online presence, enhance global outreach, and drive product innovation.

Fintech firm FinAGG Technologies has raised $11 million in its Series A funding round, co-led by global impact investment manager BlueOrchard and Tata Capital. The funding will be used to expand FinAGG’s offline and online presence, enhance global outreach, and drive product innovation. The round also saw participation from Small Industries Development Bank of India and existing investor Prime Venture Partners. In addition to the Series A funding, FinAGG secured half a million dollars from Gray Matter Capital to support women entrepreneurs financially. FinAGG is a leading innovator in the MSME Cash Flow financing space and has completed both the RBI and IFSCA sandboxes. The platform is integrated with India Stack’s Aadhar, GSTN, UPI, NACH, and other services to provide lenders with quick and seamless access to expansion capital. FinAGG has onboarded significant consumer brands and is currently working with over 25 companies, including banks, NBFCs, and businesses that promote MSME growth in India.

Previous Story

Sainsbury’s bids adieu to banking, cherishing new adventures ahead.

Next Story

Hsu insists: Big banks must meet 5-day liquidity demand

Latest from News