[Funding alert] Fintech Platform TapFin Secures USD 4 Mn Seed Funding From Elevar Equity

TapFin, a sustainability platform driven by technology, has secured USD 4 million in seed financing from Elevar Equity.

With this finance, TapFin will move closer to its objective of becoming the premier sustainability ecosystem in India. The company will first focus on clean mobility before branching out into other sustainability sectors like solar and additional green energy solutions, as reported by CXOtoday.

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Terniza Berry, Aditya Singh, and Pramod Marar formed TapFin. Between them, they have over 60 years of expertise in the financial services, technology, sustainability, electric mobility, retail distribution, and risk management fields at prestigious international and new generation companies.

Speaking on the same, Aditya Singh, Co-founder and CEO, TapFin said, “At TapFin, we are fostering India’s transformation by building a Sustainability Platform that facilitates financing and other value-added services for the entire ecosystem. Terniza, Pramod, and I believe that the landscape, while nascent currently, will unleash the entrepreneurial spirit in the country and empower start-ups and MSMEs. Our goal is to be a part of every Sustainability transaction in the country by getting all ecosystem participants on our platform. We are excited to partner with a marquee investor like Elevar Equity, whose philosophy and conviction to bring about on-the-ground & observable change aligns with that of TapFin”.

Sandeep Farias, Founder and Managing Partner, Elevar Equity said, “We see immense potential in TapFin’s goal to become India’s leading technology-led Sustainability Platform, offering a range of value-added services. The Platform is designed to unlock the economic and entrepreneurial potential – and aspirations – of MSMEs and Entrepreneurial Households across the country. In Terniza, Aditya, and Pramod, we have invested in a founding team with vision, conviction, and diverse execution capabilities necessary to create a new, Sustainability-focused distribution model operating at the intersection of inclusivity, affordability, profitability, and transformative scale. Our investment aligns with Elevar’s goal to focus on the entrepreneurial potential of underserved customers and households and the communities they live in”.

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About TapFin

Founded in 2023, TapFin seeks to support and promote India’s Net-zero goals by becoming the nation’s premier sustainability platform. Currently, TapFin provides funding, value-added services, and chances for revenue generation to important players in the ecosystem of clean mobility.

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