Saturday, March 2

Tag: Indifi

Indifi raises $21 million in Series C funding
FUNDING

Indifi raises $21 million in Series C funding

Indifi Technologies, a Gurugram-based SME lending company raises $21 million in its series C funding round from the CDC Group, along with existing investors such as Accel India, Omidyar Network, Fair Finance Fund, and Elevar Equity, according to data sourced from the Registrar of Companies. Indifi was co-founded in 2015 by Alok Mittal and Siddharth Mahanot and is mostly engaged in lending to small and medium enterprises. The company works to digitize the lending processes of these small businesses. In 2016, it had closed its series B round when Omidyar Network led the process to invest $10 million in the company. As per details filed with the ROC, Indifi has received Rs 100 crore from the CDC Group, followed by 23 crores from Accel India, and Omidyar Network and Fair Finance Fund...
A Digital Lending Platform Partners with Eko India to Enable Credit Line Services
BUSINESS

A Digital Lending Platform Partners with Eko India to Enable Credit Line Services

Indifi Technologies, a digital lending platform for small enterprises has entered into a partnership with Eko India Financial Services for the purpose of enabling credit line services to Eko’s cash distributors based on their transactions and trading activities through the portal. Following this partnership, Indifi aims to considerably fasten the movement of funds for a massive segment of small and medium-sized cash-based businesses. Eko, through the ‘Connect’ portal works with multiple distributors serving as community cashiers for retailers across the country. This transfers amount on their behalf to customers, suppliers, dependents in their family, or any other intended recipient. Eko has serviced more than 40 million customers as of now. “Our partnership with Eko will further ou...