FinReach raises Rs 22 crore from Colossa Ventures, others

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Credit guarantee facilitation platform FinReach Solutions has raised Rs 21.9 crore in fresh funding, led by venture capital firm Colossa Ventures.

The round also saw participation from existing backers, including the Michael & Susan Dell Foundation, Omidyar Network Fund Inc, and Caspian SME Impact Fund IV.

With this round, the company has so far raised a total of Rs 54.4 crore.

Founded in 2020, the company works with guarantors and lending institutions to mitigate credit risk, enabling financing for micro and small businesses that often struggle to…



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FinReach raises Rs 22 crore from Colossa Ventures, others



Credit guarantee facilitation platform FinReach Solutions has raised Rs 21.9 crore in fresh funding, led by venture capital firm Colossa Ventures.

The round also saw participation from existing backers, including the Michael & Susan Dell Foundation, Omidyar Network Fund Inc, and Caspian SME Impact Fund IV.

With this round, the company has so far raised a total of Rs 54.4 crore.

Founded in 2020, the company works with guarantors and lending institutions to mitigate credit risk, enabling financing for micro and small businesses that often struggle to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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