The startup allows fintechs to launch new lending products and non-fintechs to include embedded finance in their platforms
FinBox said that it will also double its current workforce to enable the said expansion plans
FinBox counts the likes of ZestMoney, Khatabook, TrueBalance, Home Credit India and IIFL among its 50 clients in total
Bengaluru-based B2B fintech SaaS startup FinBox has raised $15 Mn (INR 115 Cr) in a funding round led by A91 Partners. Aditya Birla Ventures and Flipkart Ventures also participated in the funding round, along with existing investors Arali Ventures.
The startup plans to utilise the funding in scaling up operations and offerings and expand to the Southeast Asian market. FinBox said that it will also double its current workforce to enable the said expansion plans.