You can be on Entrepreneur’s cover!

50Fin Raises INR 4.25 Crore In Pre-Seed Funding The company intends to utilize the funding for further enhancement of its embedded solutions and improving its product portfolio and customer servicing

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

50Fin, a financial technology company, raised INR 4.25 crore funding round led by 100X.VC, Keynote Capital and Arun Venkatachalam. The round also saw participation from various angel investors, including KRS Jamwal, Aniket Nikumb (Founding Member of Mensa Brands), Manish Kumar (Founder of KredX), Sumit Khadria (CFO of Ebix), Rajesh Sawhney (Founder GSF Accelerator), Dinesh Agarwal (Founder - IndiaMart), and several others. The company intends to utilize the funding for further enhancement of its embedded solutions and improving its product portfolio and customer servicing.

"When we started, we knew we wanted to create a niche in the market. Today, we take pride in streamlining the loan disbursement process for customers. We have received a positive response from our users, and this motivates us that we are on the right path. The team has been working dedicatedly and has successfully launched a fully digital process to enable instant underwriting of mutual funds and shares. We are grateful to the industry stalwarts for believing in us and supporting us in our growth journey. We are looking forward to a progressing future and shall continue to stay focused on our mission of democratizing and digitizing secured credit for Bharat," said Aditya Prasad, co-founder and CEO, 50Fin.

50Fin is on a mission to transform the secured credit landscape in India. According to an official statement, currently, 50Fin is integrating its platform with leading Asset Management Companies and Portfolio Management Services. It also added that the company is on its mission of disbursing INR 100 crore loans by the end of the current financial year.

"50Fin has talented and grounded Founders whose digital platform simultaneously promotes both equity ownership and access to credit, without having to choose between the two, to the under-served middle to low income households," said KRS Jamwal, serial angel investor.

Founded in 2022 by Aditya Srinivas Prasad and Darpan Samir Tanna, 50Fin offers instant loans against mutual funds and shares to customers.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Life Hacks

Get Ahead of the Weather with This Intuitive App — Now More Than $100 Off

This weather app goes well beyond the normal forecast and it's just $39.99 for life now.

Business News

Who Owns The Rights to Your AI-Generated Content? Not, It's Not You. Uncover The Scary Truth That Puts AI Users At Risk.

The realization that copyright laws do not protect AI-generated material might come as a shock to many.

Collaboration

You Need a Community With Shared Values to Find Long-Term Success — Here's How to Cultivate It.

Entrepreneurs need to remember this growth strategy: nurturing a purpose-driven community of like-minded entrepreneurs around them.

Business News

Google Is Reportedly Considering a Subscription Fee for AI-Enhanced Internet Searches

We had access to the core Google AI search experience, which is currently being tried in beta for select users. Here's what we found.

Making a Change

Expand International Communication with Lifetime Access to Rosetta Stone Language Learning

This proven and popular platform has helped millions of users learn new languages.