Bengaluru-based fintech infrastructure company FinBox has secured $40 million in a Series B funding round led by WestBridge Capital, with participation from existing investors including A91 Partners and Matrix Partners India.
The fresh capital will be used to expand FinBox’s product offerings, strengthen its embedded credit and risk intelligence platform, and scale its global presence.
Founded in 2015 by Rajat Deshpande, Deepak Sinha, and Pranay Bhaiya, FinBox helps banks, NBFCs, and fintechs build digital lending products seamlessly. Its technology powers credit risk assessment, underwriting, and embedded finance solutions.
Currently, FinBox works with more than 80 financial institutions and fintech players, enabling over 10 million loan applications monthly. With this new funding, the company aims to push further into international markets while continuing to innovate in India’s rapidly growing digital lending ecosystem.
Quote from CEO Rajat Deshpande:
“Our mission is to reimagine credit distribution by empowering lenders with smarter tools and infrastructure. This funding will help us take embedded finance to the next level.”
The Series B round highlights the increasing investor confidence in India’s fintech sector, especially in platforms enabling embedded finance and risk management at scale.
Summary Table
| Detail | Information |
|---|---|
| Company | FinBox |
| Funding Round | Series B |
| Amount Raised | $40 Million |
| Lead Investor | WestBridge Capital |
| Other Investors | A91 Partners, Matrix Partners India |
| Founded | 2015 by Rajat Deshpande, Deepak Sinha, Pranay Bhaiya |
| Industry | Fintech Infrastructure (Embedded Finance, Credit Risk, Digital Lending) |
| Clients | 80+ financial institutions, fintech players |
| Monthly Loan Applications | 10+ million |
| Use of Funds | Product expansion, global growth, strengthening embedded finance platform |
