Lending infrastructure platform Finverv raises pre-seed funding led by Antler India
- ByStartupStory | August 18, 2022
Finverv, an embedded lending infrastructure platform has raised pre-seed round of funding led by Antler India. Force Ventures, Asan Ventures, and Luckbox Ventures also participated in the funding round, as did some angel investors such as Ashish Taneja (GrowX Ventures), Anuj Khosia (CEO, Hitachi Payments), Nitin Gupta (CEO, Uni Cards), Pravan Malhotra (Malacca Ventures), Vibhor Sahare (CEO, ANS Commerce), and Avinash Kumar (founder, Credence). The funds will be utilized to create and improve the platform’s functional teams, as well as to expand collaborations.
Sangeet Verma, CTO, and co-founder of finverv said “While we intend to benefit organizations by opening new possibilities of credit to scale their business, we also aim to expand the credit portfolio of the lenders, thus making this a resourceful experience for all parties involved. Our systems are safe, secure, and cost-effective with a robust credit management framework designed exclusively to establish trust in all the entities,”.
Nitin Sharma, partner, Antler India said “As embedded lending becomes a major need for most companies as a way to monetize their existing customer base, we believe, a full stack SaaS solution like Finverv will be the way going forward. We are thrilled to back this team, with a strong product, domain expertise, and differentiated insights to build this robust platform,”
Antler is a worldwide early-stage venture capital firm that invests in tomorrow’s game-changing technological firms. It claims to be investing $100 million to $150 million in over 100 Indian businesses over the next three years.
About Finverv
Finverv was founded in 2021 by Sangeet Verma and Siddharth Bhardwaj, the company intends to be the leading plug-and-play embedded lending infrastructure for technology platforms. According to the company, Finverv provides the technology infrastructure to enable the borrower-lender equation by allowing companies to enroll their own lending partners while also enabling portfolio management for lenders to manage collaborations.
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