Fintech startup FINQY has raised $2 million in its latest funding round, led by Angel Bay India Accelerator, Family Offices, and private investors. This follows a seed funding round in March 2022, where the company secured $839,000 from Anvita Varshney, AngelBay, and others.
The new capital will be allocated towards enhancing the distribution of financial services in India through technological advancements and strategic growth initiatives.
Founded in 2019 by Manish Aggarwal, FINQY provides a platform for partners to offer a diverse range of financial products, including credit cards, insurance, investments, and loans. The company’s technology simplifies complex financial decisions, facilitates upselling and cross-selling opportunities, and enhances customer engagement by aiding informed decision-making.
With operations in 30 offices across 24 cities and two countries, FINQY supports over 100 financial and banking partners. The startup achieved a revenue milestone of $9.8 million in FY24, underscoring its growing impact in the financial services sector.
Source: Entrackr
