FincFriends Secures $11.5 Mn Debt Funding to Expand Digital Credit Solutions
Digital-first NBFC FincFriends has raised Rs 98.5 crore (approximately $11.5 million) in a fresh debt funding round during Q4 FY25, aiming to scale operations and expand access to personal credit for underserved borrowers across India.
The funding round was a mix of Rs 54.5 crore secured from peer NBFCs and Rs 44 crore raised through non-convertible debentures (NCDs). Key investors in the round include IBL Finance, InCred Financial Services, Real Touch Finance, Shine Star Build-Cap, and Western Capital Advisors Private Limited.
FincFriends said the capital will help deepen its footprint in the personal lending space, especially for borrowers with limited or no access to formal financial services. The company plans to enhance its digital credit delivery and develop personalized offerings that reflect the financial realities of lower-income and underbanked segments.
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The company also highlighted the role of its digital lending platform RupeeRedee, which has been instrumental in leveraging technology and data insights to build a more inclusive credit ecosystem. With this capital infusion, both FincFriends and RupeeRedee plan to further strengthen their tech infrastructure, expand their credit reach, and enhance the user experience across touchpoints.
“This funding marks a strategic milestone in our journey to enable responsible credit access across India,” said Artem Andreev, CEO of FincFriends. “With the continued trust of our investors, we are poised to deepen our market reach and build tailored credit solutions that empower underserved communities.”
Founded in 2017, FincFriends offers fully digital lending services that enable users to secure short-term loans through a paperless and secure platform. The NBFC has positioned itself as a key player in India’s fast-evolving digital lending ecosystem, serving customers seeking timely and affordable credit to manage everyday financial challenges.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
