Total amount raised
$441.9 Million
Latest funding date
3/1/2023
Location
Stashfin has successfully raised funding over seven rounds, with the latest being a debt financing round. The platform is backed by 24 investors, including Coinmen Consultants LLP and AlgoBulls.
Keep reading to explore the intricacies of Stashfin's fundraising journey and the investors backing this financial services platform.
What Is Stashfin?
Stashfin is a financial services platform based in New Delhi, India. The company specializes in quick personal loan approvals and offers investment options in corporate bonds.
Operating in the finance, financial services, fintech, and lending sectors, Stashfin employs between 101 and 250 people. The company is private and has raised funds through debt financing.
How Much Funding Has Stashfin Raised?
- Seed Round
- Amount Raised: USD 5,000,000
- Date: June 2017
- Lead Investors: Snow Leopard Technology Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial product offerings.
- Series B
- Amount Raised: USD 40,000,000
- Date: April 2021
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product features.
- Series C
- Amount Raised: USD 70,000,000
- Date: June 2022
- Lead Investors: Abstract, Fasanara Capital, Uncorrelated Ventures
- Valuation at Round: USD 730,000,000
- Motivation Behind the Round: To support rapid growth and scale operations.
- Debt Financing
- Amount Raised: USD 200,000,000
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure capital for expanding loan offerings.
- Debt Financing
- Amount Raised: INR 8,000,000,000 (approx. USD 100,000,000)
- Date: March 2023
- Lead Investors: InnoVen Capital, Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive growth, enhance customer experience, and optimize the portfolio for potential securitization.
- Debt Financing
- Amount Raised: INR 788,000,000 (approx. USD 10,000,000)
- Date: May 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand loan offerings and investment options.
Total Amount Raised: USD 425,000,000
Current Valuation: USD 730,000,000
Key Investors
- InnoVen Capital
- Details: InnoVen Capital is a leading venture debt provider in Asia, focusing on providing debt capital to high-growth ventures. They have a strong presence in the technology, consumer, and healthcare sectors.
- Investment Focus Areas: Technology, consumer, healthcare, financial services
- Notable Investments: Swiggy, Byju's, OYO, Zomato
- Trifecta Capital
- Details: Trifecta Capital is a venture debt firm that offers structured debt solutions to high-growth companies in India. They specialize in providing financial support to new-age businesses.
- Investment Focus Areas: Technology, consumer, 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 disruptive technology startups.
- Investment Focus Areas: Technology, software, fintech
- Notable Investments: Plaid, Blend, Figure
- Fasanara Capital
- Details: Fasanara Capital specializes in alternative asset management, focusing on fintech and digital lending. They provide innovative financial solutions to their portfolio companies.
- Investment Focus Areas: Fintech, digital lending, alternative finance
- Notable Investments: MarketFinance, Credimi
- Abstract Ventures
- Details: Abstract Ventures is an early-stage venture capital firm that invests in technology startups. They have a diverse portfolio across various technology sectors.
- Investment Focus Areas: Technology, early-stage startups
- Notable Investments: Robinhood, Notion, Rippling
What's Next for Stashfin?
Stashfin is poised to capitalize on the burgeoning fintech market, particularly in Southeast Asia. With a recent $100 million debt funding round, the company is well-positioned to expand its credit access to underserved segments and optimize its portfolio for potential securitization. The Indian fintech sector is expected to reach $1.3 trillion by 2025, offering substantial growth opportunities.
Future fundraising appears promising, given the strong backing from investors like InnoVen Capital and Trifecta Capital. Stashfin's robust business model and market demand suggest continued interest from venture capital and private equity firms. However, the company must navigate regulatory challenges and intense competition in the fintech space to maintain its growth momentum.
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