InPrime Finserv raised $3 million in Series A round
16-Jan-2024
Our portfolio company, NBFC InPrime Finserv has secured $3M in Series A funding round led by Matrix Partners India with participation from existing investors Titan Capital, InfoEdge Ventures and Kettleborough VC.
InPrime, founded by Rajat Singh, Manish Raj and Sneh Thakur in 2021, provides financial services to the country’s informal economy. InPrime integrates digital footprints from credit bureaus, bank accounts and other sources, along with comprehensive on-field assessments. This enables a precise evaluation of customers’ needs, financial capacity, creditworthiness, and risk profiles.
The company aims to revolutionise the lending experience for the prime segment of customers within the informal economy by providing tailored and relevant credit products.
InPrime plans to use the fresh capital to expand its geographical footprint, grow the team across risk, engineering, analytics and sales, as well as scale up its loan portfolio.
Speaking on the announcement, Rajat Singh, co-founder and CEO of InPrime, said, “InPrime is dedicated to addressing the escalating credit demand within the informal economy, facilitating their contribution to India’s growth story. With the ongoing digital revolution in India, our objective is to provide these customers with superior products and services, ushering in a technology-led financial inclusion 2.0 for informal economy customers at scale.”
Our portfolio company, NBFC InPrime Finserv has secured $3M in Series A funding round led by Matrix Partners India with participation from existing investors Titan Capital, InfoEdge Ventures and Kettleborough VC.
InPrime, founded by Rajat Singh, Manish Raj and Sneh Thakur in 2021, provides financial services to the country’s informal economy. InPrime integrates digital footprints from credit bureaus, bank accounts and other sources, along with comprehensive on-field assessments. This enables a precise evaluation of customers’ needs, financial capacity, creditworthiness, and risk profiles.
The company aims to revolutionise the lending experience for the prime segment of customers within the informal economy by providing tailored and relevant credit products.
InPrime plans to use the fresh capital to expand its geographical footprint, grow the team across risk, engineering, analytics and sales, as well as scale up its loan portfolio.
Speaking on the announcement, Rajat Singh, co-founder and CEO of InPrime, said, “InPrime is dedicated to addressing the escalating credit demand within the informal economy, facilitating their contribution to India’s growth story. With the ongoing digital revolution in India, our objective is to provide these customers with superior products and services, ushering in a technology-led financial inclusion 2.0 for informal economy customers at scale.”