Finsall, an InsurTech company based in Bengaluru has been able to raise Rs 15 crore in a bridge round led by Unicorn India Ventures and Seafund with additional involvement from other institutional investors.
The company, in a statement, mentioned that the latest fund will be used for setting up a Non Banking Financial Company (NBFC) to scale lending operations and deliver more value to its customers in insurance premium financing.
Earlier, in January 2022, Unicorn India Ventures and Seafund had led Rs 12 crore pre series A round in Finsall.
Finsall has launched Credit as a Service (CaaS) platform, which is a plug and play model designed to help its customers benefit by simply choosing the insurance products they need to offer credit for without the complexity of building separate credit or lending software systems.
The InsurTech company was founded by Promod Khanna, Founder and Director; Prabal Khanna, Co- Founder and COO; Tim Mathews, Co- Founder and CEO, in 2018.
