FinX, an integrated skilling platform dedicated to bridging the gap between formal education and employability in the BFSI sector, has raised $6 million in seed funding from Elevar Equity.
The funds will be used to expand its geographical reach, broaden its product offerings, and diversify into IT skill training. In addition to this, funds will be used to enhance its technology platform in creating scalable solutions that meet the growing demand for skilled talent across various sectors.
While the company is currently focused on skilling and training talent for the BFSI sector, it plans to extend its employability solutions to the IT industry.
Furthermore, FinX plans to strengthen its capabilities via strategic acquisitions of skilling and training firms in the nance and technology space.
Commenting on the investment, Himanshu Vyapak, Founder and CEO of FinX, said, “FinX was born out of the need to address one of India’s most pressing challenges: employability. By shifting the focus of education toward practical skills, our goal is to enable graduates to become industry-ready professionals. This funding from Elevar Equity will enable us to expand our footprint, deepen our impact in Tier-2 and Tier-3 cities, and strengthen the skilling ecosystem for colleges and corporates. We are thrilled to partner with Elevar Equity, whose commitment to creating meaningful social impact aligns perfectly with our vision.”
Sandeep Farias, Founder and Managing Partner, Elevar Equity, said, “Education is not just an individual aspiration for underserved Entrepreneurial Households, it directly impacts their employability, the economic well-being of their families, and their ability to climb the social ladder. We are thrilled to back FinX in its mission to enhance employability and drive economic empowerment for Entrepreneurial Households. Himanshu and the team bring a rare blend of vision, inclusivity, and execution expertise to scale this impactful model.”
Founded in 2019 by Himanshu Vyapak and Upasana Koul, FinX is an ed-tech platform that connects formal education with practical skilling, empowering students to become job-ready professionals in the BFSI (Banking, Financial Services, and Insurance) sector. Focused on creating a scalable impact in skilling and financial education, FinX bridges the gap between talent and opportunities, both in India and globally.
FinX plans to leverage its expertise in corporate training, a repository of best-in-class content & pan India trainer network of industry experts to enhance the skill sets of aspiring students and young professionals.
FinX collaborates with universities & colleges to offer finance-focused vocational courses and joint Undergraduate / Postgraduate degree programs.
FinX claims to have over 1,200 empanelled trainers in 100+ locations. Backed by its subsidiary, CIEL, with 17 years of BFSI training expertise, FinX claims to skill over 10,000 students every year in partnership with over 200 colleges. In addition, over 200,000 professionals have benefited from their certification and training programs.
