Indifi Technologies

Indifi Technologies, an Indian startup offering digital lending to small and medium businesses, has raised $35 million.

The Gurugram-based fintech firm's strategic investment would help strengthen its tech-based offerings to its customers which are largely small and medium enterprises

In this capacity, Kumar will engage with the management on the company's growth strategy and provide guidance in the financial services sector

Indifi has been successful in bridging the credit gap of these underserved businesses by leveraging data and technology mitigating the underwriting challenges associated with MSMEs.

Through Q1 and Q2, even at the peak of the second wave, Indifi continued to cater to MSMEs across multiple segments like e-com, retail, pharma, food & hospitality and FMCG.

The funding includes an equity component of Rs 140 crore led by CX Partners and OP Finnfund Global Impact Fund I, and Rs 200 crore in debt financing from Vivriti, Northern Arc, SIDBI, and other lenders

Facebook, with over 340 million users in India alone, has partnered with a technology startup, Indifi, for the initiative. Indifi alone will decide the eligibility criteria like the credit worthiness of the borrowers and bear the risk of loan defaults

Indifi has forayed into the pharma segment and will be extending its credit line solution to retailers - especially pharma distributors and local chemists - for managing their working capital needs and cash flows.

Emerging fintech platforms have been successful in bridging the gap between lenders and borrowers.

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