[Funding News] ProFinTech Secures $1.4 Mn Seed Funding Round

ProFinTech Technologies, a fintech startup, has secured $1.4 million in a seed round that was jointly led by HNIs and the family office of K.I. Varaprasad Reddy, Rahul Gedupudi, Sreeman Chalasani, and Srinivas Kalagara, among others.

The proceeds will be allocated to the acceleration of its development and the introduction of innovative solutions to the market.

ProFinTech utilizes data-backed trade recommendation and financing fulfillment mechanisms to facilitate the acquisition of funding for MSMEs through a user-friendly interface, thereby removing the complexities that are frequently associated with conventional financing applications and documentation processes. It resolves substantial obstacles for small businesses that are in search of funding alternatives that are more expeditious and straightforward.

In order to expand its supply chain and trade financing operations, the Hyderabad-based organization intends to fortify its partnerships with banks and NBFCs. The company is in the process of introducing new product features and enhancements that are intended to provide additional benefits to MSMEs, thereby enabling them to expand their enterprises.

Read also - Leo Capital Closes First €25 Mn Nordic Fund

ProFinTech is headquartered at T-Hub's Machine Learning and Artificial Technology Hub (MATH) Centre of Excellence in Hyderabad, where it is incubated.

ProFinTech asserts that it has introduced a variety of products, such as live-transaction funding, zero processing fees, transaction-level credit preparedness scores, and automated financing recommendations.

About ProFinTech

Founded in 2022 by Ravi Tanniru and Sandeep Kunkunuru, Profintech Technologies is an equal opportunity employer that is committed to its core values of positivity, innovation, empowerment, and courage.

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