FincFriends raises $3.5 Mn in new round

Gurugram— FincFriends, a captive non-banking financial company (NBFC) of RupeeRedee, has raised $3.5 million in a new round of funding. The round was led by Digital Finance International (DFI), with participation from existing investor Digital Finance Group (DFG).

FincFriends provides short-term personal loans to salaried individuals. The company’s platform uses data science to assess the creditworthiness of borrowers, and it offers loans with interest rates starting at 12%.

The new funding will be used to expand FincFriends’ reach and to develop new products and services. The company is also planning to launch a BNPL (buy now, pay later) product in the near future.

“We are excited to partner with DFI and DFG to help us expand our reach and to develop new products and services,” said Aznabaev Roman, CEO of FincFriends. “We believe that the BNPL market in India has a lot of potential, and we are well-positioned to capitalize on this opportunity.”

“We are impressed with FincFriends’ growth and its strong focus on customer satisfaction,” said Suresh Ganapathy, Managing Director of DFI. “We believe that the company has the potential to become a leading player in the BNPL market in India.”

The investment from DFI and DFG is a significant boost for FincFriends. The company is now well-positioned to expand its reach and to become a leading player in the BNPL market in India.

Here are some of the benefits that FincFriends offers to its customers:

  • Fast and easy application process: FincFriends’ application process is fast and easy, so customers can get approved for a loan quickly.
  • Flexible repayment terms: FincFriends offers flexible repayment terms, so customers can choose a repayment plan that fits their budget.
  • Low interest rates: FincFriends’ interest rates are competitive, so customers can save money on their loans.
  • Excellent customer service: FincFriends has a team of experienced customer service representatives who are available to help customers with their loans.

FincFriends is a valuable resource for salaried individuals who are looking for short-term personal loans. The company’s fast and easy application process, flexible repayment terms, and low interest rates make it a great option for borrowers.