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FincFriends, the non-banking financial company (NBFC), has recently secured Rs 41.5 crore in debt funding during Q1 FY25-26. This follows its previous debt funding of Rs 98.5 crore ($11.5 million), closed in the fourth quarter of FY25. With the latest funding, the firm aims to scale its digital lending offerings for underserved borrowers across categories through its flagship platform, RupeeRedee.
The debt was led by marquee investors, including IBL Finance Limited, Moneywise Financial Services Private Limited, Usha Financial Services Limited, Shine Star Build Cap Pvt. Ltd., Realtouch Finance Private Limited and UC Inclusive Credit Private Limited (UCIC).
“This funding brings us a step closer towards our mission to democratize credit access for underserved segments. With the continued trust of our lending partners and investors, we are confident that RupeeRedee will play a transformative role in reshaping digital lending in India,” said Artem Andreev, CEO, FincFriends.
About Fincfriends
FincFriends is a series A company based in Gurugram (India), founded in 2017 by Jitin Bhasin, Abhishek Bajaj, Dmitry Kobzar and Nikolay Zubtsov. The company is registered in accordance with applicable laws as a non-deposit taking non-banking financial company with the Reserve Bank of India (RBI). They help people who are under-served by traditional banking facilities by bringing the best and latest in the world of personal finance, that too at the click of a button.