In a Series A round headed by Matrix Partners India, NBFC InPrime Finserv raised $3 million with participation from its current backers, Titan Capital, InfoEdge Ventures, and Kettleborough VC.
In November last year, InPrime had raised $1.45 million in a seed round led by InfoEdge Ventures, Titan Capital, Kettleborough VC and other marquee investors.
The money raised will be put toward developing digital channels and credit scoring models, growing the team in risk, engineering, analytics, and sales, and expanding the company’s loan portfolio.
InPrime, founded by Rajat Singh, Manish Raj, and Sneh Thakur, combines thorough on-site evaluations with digital footprints from bank accounts, credit bureaus, and other sources. This makes it possible to evaluate customers’ needs, creditworthiness, risk profiles, and financial capacity precisely.
In order to create both financial and non-financial value, the Bengaluru-based company uses a hybrid lending strategy that combines traditional and contemporary methods focused on data, digital, technology, and innovation.
Razorpay, Five Star Business Finance, OneCard, Ola, Ola Electric, Dailyhunt, OfBusiness, Oxyzo, Captain Fresh, and Country Delight are a few of the companies in Matrix Partners India’s portfolio. In June 2022, Matrix Partners India disclosed that it will raise $450 million as part of its fourth fund to back emerging startups in the country.
