🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Digital lending marketplace Finfinity raises $2.4 Mn in seed round

EntrackrEntrackr · 12d ago
Digital lending marketplace Finfinity raises $2.4 Mn in seed round
Medial

Digital lending marketplace Finfinity has raised $2.4 million in a seed funding round led by Mankind Pharma Promoter’s Family Office, with participation from Vi-John Group, Sanjay Singhvi, Bavadeep Reddy, Malani Ventures, Gurshant Singh Bhatia, Sunny Bhatia, Upkaran Singh Chawla, Harbir Dhingra, and employees of the company. The fresh capital will be used to strengthen its technology platform, expand lender partnerships, scale distribution, and invest in customer acquisition and brand building, Finfinity said in a press release. Co-founded in 2023 by Pradeep Chauhan, Mohit Jain, and Vijay Kadam, Finfinity enables users to compare loan options across multiple lenders, helping them secure better rates and make more informed borrowing decisions. The platform aims to improve borrower outcomes while enabling lenders to acquire higher-quality customers more efficiently. The Mumbai-based startup focuses on delivering transparent and personalised borrowing experiences, supported by deep tech integrations with banks and NBFCs. These integrations enable real-time data exchange, stronger risk intelligence, and faster decision-making. According to Finfinity, it is targeting 10 million users over the next 18 to 24 months, with plans to expand across lending categories while strengthening its presence in the mortgage segment. It also aims to develop embedded lending experiences by integrating credit into high-intent customer journeys through partnerships. The company is building a financial well-being platform that enables users to discover, compare, and access credit through real-time, AI-driven recommendations, as it looks to simplify borrowing and improve decision-making for consumers.

Related News

Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia

EntrackrEntrackr · 2m ago
Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia
Medial

Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia Mumbai-based embedded lending technology startup Intellend Technologies Advisors has raised $1.2 million (Rs 10.6 crore) in a seed funding round led by Incubate Fund Asia. The round also saw participation from M Venture Partners, Atrium Angels, and angel investor Dhananjay Tiwari. The proceeds will be used to expand the core team, enhance product capabilities, and execute the company’s go-to-market strategy. Founded in May 2025 by Brotish Das, Som Chatterjee, and Bodhisattwa Gupta, Intellend is building a full-stack lending-as-a-service platform focused on enabling embedded credit for MSMEs within digital merchant ecosystems. The platform allows merchant platforms and financial institutions to offer loans directly at the point of need using data-driven underwriting and automated risk assessment. Intellend has partnered with multiple merchant ecosystems that collectively serve over one lakh merchants, enabling access to credit through integrated lending workflows. It focuses on providing structured and affordable credit access to small businesses that typically face limited access to formal lending. Intellend also plans to scale partnerships with additional merchant platforms and financial institutions while expanding its lending product suite. The founding team brings prior experience across Indian and global financial institutions, including Citi, Standard Chartered, HSBC, Axis Bank, and other large lenders, with backgrounds in digital lending, risk management, and embedded finance.

EcoEx raises $4 Mn in seed funding round

EntrackrEntrackr · 6m ago
EcoEx raises $4 Mn in seed funding round
Medial

EcoEx raises $4 Mn in seed funding round Sustainable waste management solutions startup EcoEx has secured $4 million in a seed funding round co-led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund along with participation from other investors. The proceeds will be utilized for technology enhancement, talent acquisition, expansion, and strengthening clean technology solutions as it scales its newly launched Waste Commodity App, EcoEx said in a press release. Co-founded in 2020 by Nimit Aggarwal and Akshaya Rath, EcoEx offers expertise in waste collection, waste commodity trading, and EPR services. Bulk waste generators and certified recyclers can do transactions to achieve ethical disposal and compliance norms by using technology tools such as EPR Pro, B2B E-marketplace and mobile apps. “We are on track to cross $20 million in transaction value in FY 25–26, transforming Waste into both a climate and economic opportunity,” said Nimit Aggarwal, founder and Director, EcoEx. Since its inception, EcoEx claims that it has enabled PIBOs to secure over 1 million metric tonnes EPR credits through CPCB-certified recyclers. Through its mobile app, it introduces real-time tracking, secure digital payments, and e-auction capabilities to streamline digital commodity trade. The app has boarded over 3,000 recyclers or collectors across India. The other notable players in this space are Recykal and Recircle.

Optimo Loan raises $10 Mn seed in round

EntrackrEntrackr · 2y ago
Optimo Loan raises $10 Mn seed in round
Medial

MSME-focused lending-tech startup Optimo Loan has raised $10 million in its seed round led by Blume and Omnivore, with additional contribution from Optimo’s founder, Prashant Pitti. The proceeds will be used to expand its operations, enhance its technology, recruit new talent, and broaden its presence to 20 locations in rural India by the end of this year, the startup said in a press release. Founded by Pitti, Optimo facilitates access to quick, easy, and flexible financing options for MSMEs. It supports businesses in investing in new technologies, increasing liquidity, and ensuring business continuity. The startup actively contributes to local job creation, economic growth, and community development. The startup is also building a co-lending platform for MSMEs with a unique underwriting method. This approach allows Optimo to gain deeper insights into the financial health of MSMEs, enabling informed lending decisions and catalyzing entrepreneurship and economic growth in rural communities. That said, early-stage India-focused venture fund Blume Ventures invests in seed and pre-Series A rounds in tech-led startups. It is presently investing via its Fund IV, a $300 million vehicle supported by institutional LPs and family offices. Following the close of Fund IV, Blume now has an AUM (Assets Under Management) of over $600 million.

Download the medial app to read full posts, comements and news.