FinAGG funding, investors and company details
FinAGG is an emerging Banking and Finance - FinTech startup from New Delhi, working in the space of Fintech startup that provides invoice-based financing solutions for MSMEs, helping small businesses access quick working capital through innovative credit models. Founded by Nipun Kohli, Srinivasan R, Praveen Kumar.
- Company: FinAGG Technologies Private Limited
- Sector: Banking and Finance - FinTech
- Location: New Delhi
- Founders: Nipun Kohli, Srinivasan R, Praveen Kumar
- Total funding raised: ₹115.86 Cr
Company overview
FinAGG is a fintech startup founded in 2020 that provides invoice-based financing solutions for MSMEs, helping small businesses access quick working capital through innovative credit models. The company leverages AI-driven analytics and India Stack integration to assess creditworthiness and provide collateral-free loans. Its flagship product, Quick Cash Flow / Stock Now Pay Later, enables MSMEs to unlock liquidity by financing invoices and inventory. This solution reduces Days Sales Outstanding (DSO) for enterprises while giving distributors and retailers instant access to credit. Its solutions are ISO-compliant, ensuring secure integration with enterprise systems, and provide effortless loan lifecycle management for both lenders and borrowers.
Funding rounds
- Latest round (Series A): $ 11.00 Mn (₹91.41 Cr.), 2024-01-18. Investors: BlueOrchard, Schroders Capital, Prime Venture Partners, Small Industries Development Bank of India (SIDBI)
- Past round (Pre Series A): $ 3.00 Mn (₹24.45 Cr.), 2022-09-06. Investors: BLinC Invest, Prime Venture Partners