A fintech startup focused on consumer – Findeed has secured seed funding from Venture Highway, Anicut Angel Fund and First Cheque. The fresh funds raised will be utilized for making new hires across various profiles.
Founder Ramarathnam stated, “The Covid-19 pandemic robbed people of their sense of financial security, and the common working class took the worst hit. We want to power their aspirations with financial access. We leverage social cooperation in this network to bring them credit access.”
“Catering to Bharat customers, Findeed’s technology aims to leverage community and cohort dynamics to create a differentiated financial services platform. We believe, given founders’ backgrounds and experience, they are best suited to create their version of Microfinance 3.0 for India,” said Samir Sood, founder and ‘chief believer’, Venture Highway.
Ashvin Chadha, the Co-founder of Anicut Angel Fund, commented, “Our investment in the company springs from its unique approach of using tech and data in creating an ecosystem that enables, empowers and equips the people of Bharat with instant credit.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.