Financial institution FincFriends successfully secures INR 41.5 crore in debt funding, earmarking the funds for expansion of digital credit services for unserved loan seekers across various sectors via their primary lending platform, RupeeRedee.
FincFriends Secures INR 41.5 Crore in Debt Funding for Digital Credit Expansion
FincFriends, a digital lending platform registered with the Reserve Bank of India, has secured INR 41.5 crore in debt funding from a group of marquee investors. This latest funding round, which occurred in the first quarter of the financial year 2025-26, follows a previous raise of INR 98.5 crore in the fourth quarter of FY 2024-25.
Founded in 2017, FincFriends aims to democratize credit access for financially underserved segments, particularly in Tier 2 and Tier 3 cities across India. The company's digital-first model is positioned to benefit from increasing fintech adoption and deeper internet penetration in the country.
The funding round saw participation from IBL Finance Limited, Moneywise Financial Services Private Limited, Usha Financial Services Limited, Shine Star Build Cap Pvt. Ltd., Realtouch Finance Private Limited, and UC Inclusive Credit Private Limited (UCIC).
Artem Andreev, CEO of FincFriends, said, "This funding brings us closer to our mission of democratizing credit access for underserved segments." The funding will be used to scale digital credit offerings on RupeeRedee, FincFriends' flagship platform.
FincFriends' mission is to provide instant, collateral-free, short-term personal loans through its digital platform. By addressing gaps in formal credit channels, the company aims to cater to those traditionally excluded from mainstream financing. The latest debt funding will enable FincFriends to expand its reach into emerging markets, offering quick, hassle-free loan disbursals.
In a statement, the company said, "We are committed to leveraging fintech adoption and increasing internet penetration in India to enable large-scale, responsible lending. Our strategic focus on Tier 2 and Tier 3 cities marks a targeted effort to bring financial services to new customer segments and contribute to India's broader financial inclusion goals."
This is the third debt raise by FincFriends in the past year, reflecting strong investor confidence in the company's potential to reshape the digital lending landscape through innovation and strong lending partnerships.
[1] FincFriends Press Release, "FincFriends Secures ₹41.5 Crore in Debt Funding for Digital Credit Expansion," [date], URL
[2] Moneycontrol, "FincFriends Raises ₹41.5 Crore in Debt Funding," [date], URL
[3] YourStory, "FincFriends Raises ₹41.5 Crore in Debt Funding for Digital Credit Expansion," [date], URL
- The latest debt funding of INR 41.5 crore secured by FincFriends will be utilized to scale its digital credit offerings, aiming to expand its reach into emerging markets and offer quick, hassle-free loan disbursals.
- With this debt round, FincFriends has attracted investment from a group of marquee investors, including IBL Finance Limited, Usha Financial Services Limited, and UC Inclusive Credit Private Limited (UCIC), who see potential in the company's mission to democratize credit access.
- By targeting Tier 2 and Tier 3 cities in India, FincFriends aims to bring financial services to new customer segments, leveraging fintech adoption and increasing internet penetration, with a strategic focus on expanding its digital lending operations.
