WestBridge Capital leads round; fintech to expand globally and deepen credit intelligence stack
Credit infrastructure fintech FinBox has raised $40 million in a Series B round led by WestBridge Capital, with participation from A91 Partners and Aditya Birla Ventures. The round also included a $5 million secondary component, enabling partial exits for early investors.
This marks the largest funding for FinBox to date, following its $15 million Series A in June 2022, and builds on early backing from Flipkart.
Funding Snapshot
- Amount Raised: $40 million
- Investors: WestBridge Capital, A91 Partners, Aditya Birla Ventures
- Secondary Sale: $5 million for early investor exits
What FinBox Does
Founded in 2017 by Rajat Deshpande, Anant Deshpande, Nikhil Bhawsinka, and Srijan Nagar, FinBox builds B2B credit infrastructure for banks, NBFCs, and fintechs. Its modular platform powers digital loan origination, underwriting, fraud detection, and embedded lending, enabling enterprises to scale credit operations efficiently.
Its flagship products include Sentinel BRE (AI-native lending platform), Prism (partnership lending stack), and fraud intelligence solutions, along with its BankConnect, DeviceConnect, and KYC API suite.
Currently, FinBox serves 130+ large clients, including HDFC Bank, Kotak Mahindra Bank, Tata Capital, Aditya Birla Capital, and Poonawalla Fincorp, and has processed over $9 billion in loan applications.
Growth & Road Ahead
The company reported 47% revenue growth in FY24 to ₹53 crore, though losses widened to ₹34 crore. It is targeting international expansion, stronger AI-driven credit intelligence, and a 100% YoY growth trajectory across product lines.
Competing with Perfios, Signzy, and Fibe, FinBox aims to position itself as India’s leading AI-first credit infrastructure provider.
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