B2B fintech SaaS startup FinBox raised $15 million in funding led by A91 Partners where Aditya Birla Ventures and Flipkart Ventures with existing investors Arali Ventures also participated.
FinBox enables fintechs to launch new lending products and non-fintechs to embed finance into their platforms. The startup intends to use the funding to expand into the Southeast Asian market and scale up operations and offerings. FinBox also stated that it will double its current workforce to support the stated expansion plans. FinBox has 50 clients in total, including ZestMoney, Khatabook, TrueBalance, Home Credit India, and IIFL.