Finsire Fundraising: Fintech Startup Collects $1.3 Million Fund
Finsire Fundraising: Fintech company Finsire which provides asset collateralization and lending infrastructure has raised $1.3 million in initial capital from influential investors. iSeed, Spark Capital, Devx, 1947 Rising, Adept Ventures, Portal Angel Investors, Purple Matters, DeVC India, Lets Ventures, Shashank Kumar and Harshil Mathur, co-founders of Razorpay, and Mars Shoot Ventures, co-founder of M2P Fintech, as well as Madhu R, Prabhu R, and Muthu A, participated in the round. Abhishek Rungta, founder of Indus Net Tech; Lalit Keshre, CEO of Groww; Maninder G, CSO of OYO; Justin Caldbeck, co-founder of Binary Capital; Abhinav Sinha, COO and CPO of OYO; Mohan K, co-founder and CEO of IppoPay; Pratekk Agarwal from Growthcap Ventures; Abhishek Goyal, founder of Tracxn; Rahul (founder, Medici).
“I’m eager to create India’s digitally safe infrastructure. For us, this is a once-in-a-lifetime chance; Indian households have assets worth over $14 trillion dollars, whereas worldwide households have assets worth over $400 trillion dollars. These assets are quite difficult to promise today. Allowing the asset owner to use the assets however they see fit is the idea” Shreyans Nahar, co-founder and CEO of Finsire.
Finsire is a lending infrastructure platform that uses digital assets as collateral. The business concentrated on creating the Infra railways from various assets and digitising them, as well as on innovation in this field with asset originators, depositaries, and lenders.
“By using the vast majority of the country’s assets as collateral, Finsire is constructing India’s secured credit infrastructure. This will take some time to digitise. I am overjoyed that Shreyans choose to return to India in order to create Finsire there” said by the Shiva Singh Sangwan, who is the creator of 1947Rise.