Live Breaking News & Updates on He Company Intends To Extend Loans Msmes The Believes It Is Suitably Poised Ride Pent Up Demand Wave With Its Personalized Offerings In This Space Nearly 80 Per Cent Of Total India Lack Formal Access Nbfc Licence Will Allow Bridge Credit Gap By Offering Minimal Documentation Provide Strategic Focus Journey

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 ....

Hemant Jain Nitish Nagori , Bharat Sharma , Businesswire India , Hemant Jain , While Bharat , Senior Banker , Retail Asset , Lending Verticals , Pune Maharashtra India , 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 , Or Which The Entity Has Recently Got An Nbfc Registration From Rbi Over Last Few Quarters , Fin 39s Tech Arm Has Developed Lending Software Platforms They Have Managed To Tap In Various Leading Banks And Nbfcs For Their Stacks The Solutions Being Offered Include Loan Origination System Los , Oan Management System Lms , Ebt Services Management , I Based Algorithms For Credit Assessment , Nde Stack For End To Automated Processing Its Lending Business , He Company Intends To Extend Loans Msmes The Believes It Is Suitably Poised Ride Pent Up Demand Wave With Its Personalized Offerings In This Space Nearly 80 Per Cent Of Total India Lack Formal Access Nbfc Licence Will Allow Bridge Credit Gap By Offering Minimal Documentation Provide Strategic Focus Journey , Fin Recently Announced The Creation Of An Advisory Board It Includes Names Industry Veterans Like Bharat Sharma , Emant Jain Amp Nitish Nagori While Bharat Has Served Asa Senior Banker With 25 Years Of Experience In Asset As Well Liability Functions , Emant Comes In With 20 Years Of Industry Experience Technology Space , Oth In India And Abroad Nitish Has 25 Years Of Banking Experience Retail Asset Amp Lending Verticals Across Major Banks This Story Is Provided By Businesswire Ani Will Not Be Responsible Any Way For The Content Article ,