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4Fin raises Seed Round of USD 1M, also gets NBFC License from RBI - Vimarsana News

4Fin raises Seed Round of USD 1M, also gets NBFC License from RBI

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 te...

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Hemant Jain Nitish NagoriBharat SharmaBusinesswire IndiaHemant JainWhile BharatSenior BankerRetail AssetLending VerticalsPune 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 ArmOr Which The Entity Has Recently Got An Nbfc Registration From Rbi Over Last Few QuartersFin 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 ManagementI Based Algorithms For Credit AssessmentNde Stack For End To Automated Processing Its Lending BusinessHe 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 JourneyFin Recently Announced The Creation Of An Advisory Board It Includes Names Industry Veterans Like Bharat SharmaEmant Jain Amp Nitish Nagori While Bharat Has Served Asa Senior Banker With 25 Years Of Experience In Asset As Well Liability FunctionsEmant Comes In With 20 Years Of Industry Experience Technology SpaceOth 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