Get All Access for $5/mo

Fintech Startup Finsire Raises $1.3 Million In Seed Funding The company focused on building and digitizing the Infra rails from various assets and innovating in this space with asset originators, depositaries and lenders

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Lending Infratech and asset collateralization API Fintech Company Finsire' has raised $1.3M in seed funding from strategic investors. The round saw participation from iSeed, Spark Capital, Devx, 1947 Rise, Adept ventures, Portal Angel Investors, Purple Matters, DeVC India, Lets Ventures, Shashank Kumar and Harshil Mathur, (co-founders of Razorpay) and Mars Shot Ventures, (co- founder of M2P Fintech), MadhuR, Prabhu R and Muthu A, Lalit Keshre,( CEO Groww), Maninder G, (CSO, OYO), Justin Caldbeck, (co-founder Binary Capital), Abhinav Sinha, (COO and CPO, OYO), Mohan K, (co-founder and CEO, IppoPay), Pratekk Agarwal from Growthcap Ventures, Abhishek Goyal, (Tracxn, founder), Abhishek Rungta, (founder, Indus Net Tech), Rahul Mathur, (founder,Verak), Meet Semlani, (co-founder,Tartan), Amit Goel, (founder, Medici).

"Excited to build the digitized secured infrastructure for India. Once in a lifetime opportunity for us; Indian households hold over 14 trillion dollars in assets, and global households' assets are over 400 trillion dollars. Today these assets are extremely hard to pledge. The idea is to allow the asset holder to do what they wish to do with these assets," Shreyans Nahar, CEO and co-founder of Finsire,

Finsire is Lending Infrastructure tech to collateralize digital assets. The company focused on building and digitizing the Infra rails from various assets and innovating in this space with asset originators, depositaries and lenders.

"Finsire is building the secured credit Infrastructure for India by collateralizing the vast majority of the assets available in the country. Digitizing these is a long game. I am super excited that Shreyans decided to move back to India to build Finsire from India," said Shiva Singh Sangwan, founder, 1947Rise.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings

Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.

Franchise

The Top 10 Coffee Franchises in 2024

From a classic cup of joe to a creamy latte, grab your favorite mug and get ready to brew up success with the best coffee franchises.