<ul data-eligibleForWebStory="false"><li>FincFriends, in collaboration with RupeeRedee, secures ₹98.5 crore in debt funding to expand operations and launch new credit products for underserved borrowers in India.</li><li>The funding consists of ₹54.5 crore from NBFCs and ₹44 crore through non-convertible debentures, with contributions from various key players in the financial sector.</li><li>CEO Artem Andreev states that the funding is a strategic step to enhance access to responsible credit, strengthen their fintech infrastructure, and create tailored credit solutions for underserved communities.</li><li>Amid a slowdown in India's fintech lending sector, FincFriends' successful fundraising reflects investor confidence in focused and responsible lending models, especially those targeting credit-invisible and underserved borrowers.</li></ul>

FincFriends Raises ₹98.5 Cr in Debt to Strengthen Credit Access for Underserved Borrowers

Discover more