FinBox Receives $40 Million in Series B Funding, Primarily Led by WestBridge Capital
FinBox, a fintech company based in Bengaluru, India, has secured $40 million in a Series B funding round. This significant investment will be utilised to enhance product innovation, expand into global markets, and strengthen artificial intelligence driven credit intelligence capabilities.
Founded in 2017 by Rajat Deshpande, Anant Deshpande, Nikhil Bhawsinka, and Srijan Nagar, FinBox has made impressive strides in the fintech industry. The funding round was led by A91 Partners and WestBridge Capital, with participation from A91 Partners and Aditya Birla Ventures.
The Series B round also included a secondary component of $5 million, providing partial exits to some early investors. However, the exact number of early investors exiting was not specified.
FinBox has processed loan applications worth over $9 billion since its inception and serves more than 130 clients, including HDFC Bank, Kotak Mahindra Bank, Aditya Birla Capital, Tata Capital, and Poonawalla Fincorp.
The company's modular platform supports digital loan origination, underwriting, fraud detection, and embedded lending services. FinBox continues to build its BankConnect, DeviceConnect, and KYC API suite.
In addition to scaling its AI-native digital lending platform, Sentinel BRE, FinBox is focusing on growing Prism, its partnership lending stack, and fraud intelligence offerings.
FinBox is a part of our brand name Media's international franchise, our brand name India. The company was also backed by Flipkart in its early stages.
With this new investment, FinBox is poised to make a significant impact in the global fintech landscape, driving innovation and enhancing credit intelligence capabilities for banks, non-banking financial companies, and fintech firms worldwide.
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