InPrime Finserv, a tech-enabled non-banking financial company, has secured Rs 50 crore in a Series A1 funding round led by Pravega Ventures.

Existing investors Z47, InfoEdge Ventures, and Kettleborough VC also participated in the funding round.

The Bengaluru-based startup, operated by STK Credit Pvt Ltd, will use the fresh capital for geographical expansion in the country.

InPrime Finserv, which was founded in 2021 by Sneh Thakur, Manish Raj and Rajat Singh, focuses on providing financial services to prime households with stable income in underserved regions of the country.

The startup had raised seed funding in 2023 from InfoEdge Ventures, Titan Capital, Kettleborough VC and other investors.

Later in January 2024, the company had raised $3 million in Series A round led by Matrix Partners India with participation from existing backers.

Recently, early-stage funding rounds in fintech companies in India include fintech infrastructure platform Blostem, integrated payments platform Pazy, crypto neobank startup PlutoPe and fintech platform Saswat Finance.