Latest Breaking News On - Ovember 29 ani businesswire india micro sme focused fintech startup 4fin has announced that it raised strategic seed funding of usd 1m the pune headquartered had earlier 1 in its pre round company funds would be primarily used for disbursing loans through lending arm - Page 1 : comparemela.com
Pune (Maharashtra) [India], November 29 (ANI/BusinessWire India): Micro SME focused fintech startup 4Fin has announced that it has raised strategic seed funding of USD 1M. The Pune headquartered startup had earlier raised USD 1.1M in its pre-seed round. The company announced that the funds raised would be primarily used for disbursing loans through its lending arm, for which the entity has recently got an NBFC registration from RBI. Over the last few quarters, 4Fin's tech arm has developed lending software platforms. They have managed to tap in various leading Banks and NBFCs for their tech-stacks. The lending solutions being offered include loan origination system (LOS), loan management system (LMS), debt services management, AI-based algorithms for credit assessment, and e-stack for end-to-end automated processing. For its lending business, the company intends to extend loans to MSMEs. The company believes it is suitably poised to ride the pent-up demand wave with its personaliz