Total amount raised
$441.9 Millions
Latest funding date
3/1/2023
Location
Stashfin has successfully raised funding from 19 investors, including InnoVen Capital and Trifecta Capital Advisors. The platform is a neo-banking service that aims to provide seamless financial solutions.
Keep reading to explore the intricacies of Stashfin's fundraising journey and the investors backing this innovative platform.
What Is Stashfin?
Stashfin, founded in February 2016 by Tushar Aggarwal, is a neo-banking platform based in New Delhi, India. The company aims to deliver seamless, transparent, and efficient financial services to everyone.
Stashfin provides digital lending solutions that empower customers to take control of their finances, promoting economic independence and financial health. The platform has disrupted traditional banking formats with its easy and flexible digital lending solutions.
With a team of 101-250 employees, Stashfin continues to grow and innovate in the financial technology sector, striving to improve financial inclusivity and economic growth.
How Much Funding Has Stashfin Raised?
- Seed Round
- Amount Raised: $5M
- Date: June 2017
- Lead Investors: Snow Leopard Technology Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial product offerings.
- Series B
- Amount Raised: $40M
- Date: April 2021
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and scale the platform's capabilities.
- Series C
- Amount Raised: $70M
- Date: June 2022
- Lead Investors: Abstract, Fasanara Capital, Uncorrelated Ventures
- Valuation at Round: $730M
- Motivation Behind the Round: To support growth and expand market reach.
- Debt Financing
- Amount Raised: $200M
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance lending capabilities and optimize the portfolio.
- Debt Financing
- Amount Raised: ₹8B
- Date: March 2023
- Lead Investors: InnoVen Capital, Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive growth and scale credit access.
Total Amount Raised: $315M
Current Valuation: $730M
Key Investors
- InnoVen Capital
- Details: InnoVen Capital is a venture debt firm that provides debt capital to high-growth, venture-backed startups across Asia. They have a strong presence in India, China, and Southeast Asia.
- Investment Focus Areas: Technology, consumer, healthcare, financial services
- Notable Investments: Swiggy, Byju's, OYO Rooms
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a venture debt firm that offers structured debt solutions to early and growth-stage companies in India. They aim to support high-growth startups with flexible financing options.
- Investment Focus Areas: Technology, consumer, healthcare, financial services
- Notable Investments: BigBasket, UrbanClap, CarDekho
- Uncorrelated Ventures
- Details: Uncorrelated Ventures is a venture capital firm that invests in early-stage technology companies. They focus on innovative solutions and disruptive technologies.
- Investment Focus Areas: Fintech, enterprise software, infrastructure
- Notable Investments: HashiCorp, LaunchDarkly, Snyk
- Fasanara Capital
- Details: Fasanara Capital is an alternative asset manager based in London. They specialize in fintech and digital lending investments.
- Investment Focus Areas: Fintech, digital lending, alternative credit
- Notable Investments: Revolut, Klarna
- Abstract Ventures
- Details: Abstract Ventures is a venture capital firm that invests in early-stage technology startups. They support companies with high growth potential and innovative business models.
- Investment Focus Areas: Fintech, enterprise software, consumer technology
- Notable Investments: Notion, Rippling, Mercury
What's Next for Stashfin?
Stashfin's recent $100 million funding round from InnoVen Capital and Trifecta Capital opens up significant opportunities for the company. With the Indian fintech sector projected to reach $1.3 trillion by 2025, Stashfin is well-positioned to capitalize on this growth. The funds will enable the company to enhance its technology, expand its customer base, and optimize its portfolio for potential securitization, driving financial inclusion and improving customer experience.
Future fundraising opportunities appear promising, given the strong investor confidence demonstrated in the recent funding round. Stashfin may attract additional equity or debt financing to further scale its operations and explore strategic acquisitions. However, the company will need to navigate regulatory challenges, intense competition, and the ongoing task of managing credit risk and data security. Despite these hurdles, Stashfin's robust business model and innovative financial solutions position it for continued success in the rapidly growing fintech landscape.
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