FinBox raises $40 Mn in Series B round to scale B2B Credit Infrastructure

Digital credit infrastructure startup FinBox has raised $40 million in a Series B funding round led by WestBridge Capital.

The round also saw participation from existing investors A91 Partners and Aditya Birla Ventures.

The company said it will use the new funding to create AI-first workflows, platforms, and solutions to boost efficiency.

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Out of the $40 million, $35 million came as primary capital, and $5 million from secondary share sales by early angel investors.

In June 2022, the company raised $15 million in Series A funding led by A91 Partners.

“Our mission is to empower lenders to source better, underwrite faster, fight fraud more effectively, and extend fairer, more accessible credit to millions. We will continue to deepen our digital lending stack, launch new products, and expand internationally while staying true to our vision of creating sustainable, world-class financial infrastructure,” the founders said in the statement.

“Their modular architecture, data intelligence, and embedded applications create a strong foundation for scalable digital lending. We believe FinBox is well positioned towards becoming an integral layer of India’s evolving digital credit infrastructure and we are excited to partner with them in their next phase of growth,” said Deepak Ramineedi, partner, WestBridge Capital.

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About FinBox 

Founded in 2017 by Rajat Deshpande, Anant Deshpande, Nikhil Bhawsinka and Srijan Nagar, the Bengaluru-based FinBox provides B2B credit infrastructure for banks, NBFCs, and fintechs. Its modular platform supports digital loan origination, underwriting, fraud detection, and embedded lending.

The company is focusing on its AI-driven lending platform (Sentinel BRE), Partnership Lending Stack (Prism), and fraud intelligence products, while also strengthening tools like BankConnect, DeviceConnect, and KYC APIs.

FinBox serves 130+ major clients including HDFC Bank, Kotak Mahindra Bank, Aditya Birla Capital, Tata Capital, and Poonawalla Fincorp.

So far, it has processed over $9 billion in loan applications and says it is growing 100% year-on-year across product lines.

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