Finsire secures $1.3M in seed funding for fintech Startup

• ByStartupStory     |    March 17, 2023

Finsire, a fintech startup specialising in lending infrastructure and asset collateralization API, has raised $1.3 million in seed funding from a group of strategic investors. 

The funding round had participation from a diverse range of investors, including iSeed, Spark Capital, Devx, 1947 Rise, Adept Ventures, Portal Angel Investors, Purple Matters, DeVC India, Lets Ventures, as well as notable individuals such as Shashank Kumar and Harshil Mathur (co-founders of Razorpay), Lalit Keshre (CEO of Groww), Maninder G (CSO of OYO), Abhinav Sinha (COO and CPO of OYO), and Pratekk Agarwal (CEO of Growthcap Ventures). 

Other investors included Abhishek Goyal (founder of Tracxn), Abhishek Rungta (founder of Indus Net Tech), Rahul Mathur (founder of Verak), Meet Semlani (co-founder of Tartan), and Amit Goel (founder of Medici).

 

According to Shreyans Nahar, the CEO and co-founder of Finsire, “the opportunity to build a digitised secured infrastructure for India is a once-in-a-lifetime opportunity. Indian households hold assets worth over $14 trillion, while global households hold assets worth over $400 trillion, which are currently challenging to pledge. The goal of Finsire is to provide asset holders with the ability to use their assets as they wish”.

Finsire is a fintech company that specialises in lending infrastructure technology and collateralizing digital assets. Their focus is on building and digitising infrastructure for various assets and innovating in this space by working with asset originators, depositaries, and lenders.

According to Shiva Singh Sangwan, the founder of 1947Rise, “Finsire is constructing secured credit infrastructure for India by collateralizing the majority of assets accessible in the country. Digitising these assets is a long-term objective, and he is thrilled that Shreyans Nahar decided to relocate to India to establish Finsire in the country”.

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