Indium Finance secures Rs 4.5 Cr from Indian Angel Network
- ByStartupStory | August 24, 2022
Indian Angel Network has invested Rs 4.5 crore in B2B fintech and NBFC platform Indium Finance, which serves distributors, wholesalers, and retailers. Sanjay Rishi, Raman Roy, and Manipal Group served as the round’s primary investors.
According to Indium Finance, the funds raised will be put to use for bringing on new clients, developing the product platform, and growing the sales and technology teams. Indium Finance, which operated solely on its own funds, completely bootstrapped for over four years, and recently participated in its first round.
“The fund from this round marks our entry into the Web 3 & Blockchain space where we are building one of its kind move to earn lifestyle & wellness rewards app. Our aim is to reach 10 million users in next 2 years & build an ecosystem powered by AI & Machine learning which will help people to get fit and adopt a healthy lifestyle.” said Co-Founder and CTO, Growfitter, Harshit Sethy.
The startup offers cutting-edge digital finance options for B2B transactions moving to internet channels. With the assistance of more than 25,000 distributors, dealers, and retailers, Indium Finance claims to have collaborated with numerous corporate and B2B e-commerce partners.
The fintech company also collaborates with corporations and B2B e-commerce platforms to offer distributors, wholesalers, and retailers credit solutions (such purchase now and pay later, or BNPL), as well as cash management solutions.
About Indium Finance
The Mumbai based fintech startup was Founded by Shalabh Mohan and Vivek Kumar in the year 2019, The brand aims to democratise working capital access to SMEs by leveraging its proprietary credit models and technology platform.
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