In a fresh funding round led by Angel Bay India Accelerator and including Family Offices and private investors, fintech startup FINQY has raised $2 million.
The company had raised $839K from Anvita Varshney, AngelBay, and other investors in its seed round earlier in March 2022.
The money raised will be put toward strategic growth initiatives and technological advancements to improve the distribution of financial services in India.
FINQY was founded in 2019 by Manish Aggarwal and gives its partners the ability to provide a variety of financial products to their clients. These consist of easy upsell and X-sell opportunities among credit cards, insurance, investments, and loans.
The startup not only improves customer engagement and makes informed decision-making easier, but it also helps streamline complex financial decisions related to credit cards, insurance, and loans.
With the assistance of more than 100 financial and banking partners, FINQY operates out of 30 offices located in 24 cities over two nations. It states that in FY24, it reached a revenue milestone of $9.8 million.
