Embedded lending infrastructure platform Finverv has raised an undisclosed amount in its seed funding round from Antler India.
Other angle investors including Nitin Gupta (CEO, Uni Cards), Avinash Kumar (founder, Credence), Pravan Malhotra (Malacca Ventures), Vibhor Sahare (CEO, ANS Commerce), Ashish Taneja (GrowX Ventures), Anuj Khosia (CEO, Hitachi Payments), and among others also saw participated in this round.
The Gurgaon-based Finverv was founded in November 2021 by Sangeet Verma and Siddharth Bhardwaj, It is a plug-and-play embedded lending infrastructure for the tech platform, and to provide technical infrastructure to facilitate the borrower-lender equation.
“While we intend to benefit organizations by opening new possibilities of credit to scale their business, we also aim to expand the credit portfolio of the lenders, thus making this a resourceful experience for all parties involved. Our systems are safe, secure and cost-effective with a robust credit management framework designed exclusively to establish trust in all the entities,” said Sangeet Verma, CTO and co-founder, Finverv.
According to the company statement, this allows organizations to onboard their own lending partners, while offering portfolio management for lenders to manage collaborations.
“As embedded lending becomes a major need for most companies as a way to monetize their existing customer base, we believe, a full stack SaaS solution like Finverv will be the way going forward. We are thrilled to back this team, with a strong product, domain expertise and differentiated insights to build this robust platform,” said, Nitin Sharma, partner, Antler India.
Antler is a global early-stage venture capital firm that invests in defined technology companies.
With the virtue of their state-of-the-art technology, they aim to help companies embed credit in their ecosystem by facilitating lending from NBFCs, Banks and FinTechs, thus enriching the credit portfolio of the latter!
Promising an easy setup, low operational hassle, and faster turnaround time, they at Finverv – a credit middleware platform founded in 2021 by a group of super-motivated individuals, aim to solve a pressing issue – to fill the gap between the demand and supply of credit, seamlessly.