Get All Access for $5/mo

FinAGG Raises $3 Million In Pre-Series A Funding The company will utilize the fund to launch new products, expand current products in new cities, augment lending partnerships and invest in technology

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

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

Company handout

FinAGG Technologies, a Noida-based fintech offering cash-flow based supply chain finance, has raised $3 million in Series A funding round led by BlinC Invest. The round also saw participation from existing investor, Prime Venture Partners. The company will utilize the fund to launch new products, expand current products in new cities, augment lending partnerships and invest in technology.

"We are very excited to find a fund that understands our space so well and we are geared to set out on the next chapter of our journey with BlinC Invest. We hope to take advantage of their combined experience and unique partnership led philosophy to create fintech products that will fill the many gaps in MSME financing today and cater to the companies that comprise the backbone of the Indian economy," said Nipun Kohli, co-founder and CEO, FinAGG.

FinAGG believes that the gap in Indian MSME financing is the tip of a very large iceberg and they are determined to help these companies scale their businesses by providing innovative financing solutions. The company has partnered with more than 15 anchor brands and has disbursed over INR 1200 crore till date, claimed by the company in a statement.

"FinAGG team has a strong pedigree and is well poised to create unique financing solutions for the ecosystem at large. FinAGG's world class technology with deep anchor integration will enable the MSME to obtain working capital cash flow at the click of a button. We are also excited to join Prime Venture in this journey," said Amit Ratanpal, founder and MD, BlinC Invest.

Founded in 2020 by Nipun Kohli and R. Srinivasan, FinAGG is a new-age supply chain platform focused on providing closed-loop credit solutions to distributors, retailers and MSMEs via its proprietary platform 'Quick Cash Flow'.

As per reports, global supply chain financing volumes have increased significantly over the last few years, reaching $1.8 trillion in 2021 and are expected to grow at a CAGR of 17 per cent.

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.
News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Thought Leaders

4 Steps You Need to Follow to Make It Through Any Crisis With Your Company Intact

The steps we take before a crisis define our team's future resilience in the face of one. Here's what you need to do to prepare for a crisis of any kind at any time.


How His Personal Battle With Cancer Inspired This Founder's Solution for Patient Care

On this episode of "The Founder CEO," Michael O'Neil, founder and CEO of GetWellNetwork, discusses his inspiring journey as a leader and the transformative role of AI in healthcare.