FincFriends, the non-banking financial company (NBFC), has secured ₹41.5 crore in debt funding during Q1 FY 25-26. This follows its previous debt funding of ₹98.5 crore ($11.5 million) closed in the fourth quarter of FY25.
The investment round saw participation of marquee investors, including IBL Finance, Moneywise Financial Services, Usha Financial Services, Shine Star Build Cap, Realtouch Finance and UC Inclusive Credit (UCIC).
The funds raised will be used to scale the company’s digital lending offerings for underserved borrowers across categories through its flagship platform, RupeeRedee.
Artem Andreev, CEO of FincFriends, said, “This funding brings us a step closer towards our mission to democratize credit access for underserved segments. With the continued trust of our lending partners and investors, we are confident that RupeeRedee will play a transformative role in reshaping digital lending in India.”
