FinBox raises $40 million in Series B round led by WestBridge Capital

17 Sep 2025, 12:02 PM

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

Team Head&Tale

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

The funding round also saw participation from existing investors A91 Partners and Aditya Birla Ventures. The investment deal also included $5 million in secondary transactions to provide partial exits to early investors. Flipkart was among the company's early backers.

The Bengaluru-based startup will use the fresh capital to accelerate product innovation, fuel international expansion, and deepen its AI-driven credit intelligence stack. The company plans to focus on strengthening its Sentinel BRE platform, Partnership Lending Stack (Prism), and fraud intelligence products.

The startup was founded by Rajat Deshpande, Anant Deshpande, Nikhil Bhawsinka, and Srijan Nagar in 2017. FinBox builds B2B credit infrastructure for banks, NBFCs, and fintechs through its modular platform that powers digital loan origination, underwriting, fraud detection, and embedded lending solutions.

The company currently serves over 130 large clients including HDFC Bank, Kotak Mahindra Bank, and Tata Capital, and has processed more than $9 billion in loan applications since inception.
Earlier in June 2022, the company raised $15 million in its Series A round which was led by A91 Partners.

The funding comes amid growing investor interest in credit infrastructure startups. FinBox competes with players like Perfios, Signzy, and Fibe in the B2B fintech space.

Who Reads Us

I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest,  and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.

Rahul Chari, Co-Founder and CTO, PhonePe
Rahul Chari Co-Founder And CTO, PhonePe

Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.

Rishi Gupta, MD & CEO, Fino Payments Bank
Rishi Gupta MD & CEO, Fino Payments Bank

The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.

Lizzie Chapman, co-founder, ZestMoney
Lizzie Chapman Co-founder, ZestMoney

What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.

Mohit Bedi, co-founder, Kiwi
Mohit Bedi Co-founder, Kiwi

I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.

Cofounder of IPO-bound leading fintech lending company
Cofounder of IPO-bound leading fintech lending company