FincFriends raises fresh funds to expand digital credit

By Vriti Gothi

FincFriends, has raised $4.8 million in Q1 FY 2025–26, through debt funding. This follows the company’s earlier debt raise of $11.5 million in Q4 FY 2025, underscoring the continued confidence of its investors in FincFriends’ growth strategy.

The funds will be directed towards strengthening RupeeRedee, the company’s flagship digital credit platform, with a focus on expanding its reach across Tier 2 and Tier 3 cities. By leveraging technology to streamline credit access, FincFriends aims to bridge financial gaps for underserved borrower segments, positioning itself at the forefront of India’s evolving digital lending landscape.

The round saw strong participation from existing marquee investors, including IBL Finance Limited, Moneywise Financial Services Private Limited, Usha Financial Services Limited, Shine Star Build Cap Pvt. Ltd., Realtouch Finance Private Limited, and UC Inclusive Credit Private Limited (UCIC).

Artem Andreev, CEO of FincFriends, said, “This funding brings us a step closer towards our mission to democratise credit access for underserved segments. With the continued trust of our lending partners and investors, we are confident that RupeeRedee will play a transformative role in reshaping digital lending in India.”

As India witnesses rapid digital adoption and a surge in FinTech penetration, FincFriends is strategically positioned to drive financial inclusion by combining advanced digital capabilities with a customer-centric model. Through RupeeRedee, the company delivers seamless access to credit for individuals and small businesses who are often overlooked by traditional financial systems.

Backed by robust investor support and a strong partner ecosystem, FincFriends is set to further empower borrowers, strengthen trust in digital credit, and accelerate the next phase of innovation in India’s financial services sector.