Fintech firm 50Fin raises $525K

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Fintech firm 50Fin raises $525K
Fintech firm 50Fin raises $525K

The startup said in a statement that the funds will be utilised to enhance the fintech firm’s embedded solutions, improve its product portfolio, and enhance customer servicing

50Fin, a fintech firm founded by Aditya Srinivas Prasad and Darpan Samir Tanna, has raised Rs 4.25 crore from 100X.VC and other investors.

With participation from angel investors including KRS Jamwal, Aniket Nikumb (Founding Member of Mensa Brands), Manish Kumar (Founder of KredX), Sumit Khadria (CFO of Ebix), Rajesh Sawhney (Founder GSF Accelerator), Dinesh Agarwal (Founder, IndiaMart), and others, the funding round was led by 100X.VC, Keynote Capital, and Arun Venkatachalam.

The startup said in a statement that the funds will be utilised to enhance the fintech firm’s embedded solutions, improve its product portfolio, and enhance customer servicing.

Founded in 2022, the fintech firm specialises in providing instant loans against mutual funds and shares to its customers.

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