Fintech Startup Finsire Raises $1.3 Million In Seed Funding
The company focused on building and digitizing the Infra rails from various assets and innovating in this space with asset originators, depositaries and lenders
Opinions expressed by Entrepreneur contributors are their own.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Lending Infratech and asset collateralization API Fintech Company Finsire' has raised $1.3M in seed funding from strategic investors. The round saw participation from iSeed, Spark Capital, Devx, 1947 Rise, Adept ventures, Portal Angel Investors, Purple Matters, DeVC India, Lets Ventures, Shashank Kumar and Harshil Mathur, (co-founders of Razorpay) and Mars Shot Ventures, (co- founder of M2P Fintech), MadhuR, Prabhu R and Muthu A, Lalit Keshre,( CEO Groww), Maninder G, (CSO, OYO), Justin Caldbeck, (co-founder Binary Capital), Abhinav Sinha, (COO and CPO, OYO), Mohan K, (co-founder and CEO, IppoPay), Pratekk Agarwal from Growthcap Ventures, Abhishek Goyal, (Tracxn, founder), Abhishek Rungta, (founder, Indus Net Tech), Rahul Mathur, (founder,Verak), Meet Semlani, (co-founder,Tartan), Amit Goel, (founder, Medici).
"Excited to build the digitized secured infrastructure for India. Once in a lifetime opportunity for us; Indian households hold over 14 trillion dollars in assets, and global households' assets are over 400 trillion dollars. Today these assets are extremely hard to pledge. The idea is to allow the asset holder to do what they wish to do with these assets," Shreyans Nahar, CEO and co-founder of Finsire,
Finsire is Lending Infrastructure tech to collateralize digital assets. The company focused on building and digitizing the Infra rails from various assets and innovating in this space with asset originators, depositaries and lenders.
"Finsire is building the secured credit Infrastructure for India by collateralizing the vast majority of the assets available in the country. Digitizing these is a long game. I am super excited that Shreyans decided to move back to India to build Finsire from India," said Shiva Singh Sangwan, founder, 1947Rise.