Fintech startup FINQY has successfully raised $2 million in a fresh funding round, drawing investments from Angel Bay, India Accelerator, Family Offices, and private investors. This round marks a significant milestone for the company, which had previously secured $839,000 in its seed round in March 2022, backed by Anvita Varshney, AngelBay, and others.
Founded in 2019 by Manish Aggarwal, FINQY has rapidly become a key player in the financial services distribution sector in India. The startup empowers its partners to offer customers an extensive range of financial products, including credit cards, insurance, investments, and loans. FINQY’s platform also enhances upsell and cross-sell opportunities, allowing partners to optimize customer engagement and streamline complex financial decisions.
The newly raised funds will be channelled into advancing FINQY’s technology and strategic growth initiatives, aiming to broaden its impact in the financial services industry. Currently, the company operates out of 30 offices across 24 cities in two countries, supported by a robust network of over 100 financial and banking partners. FINQY’s operations have been marked by significant growth, with the company achieving a revenue milestone of $9.8 million in FY24.
This latest round of funding will further bolster FINQY’s mission to simplify financial decision-making for consumers while driving the distribution of financial services across India.
