FinBox

🚨 🚨 🚨 We’re thrilled to announce that FinBox has raised $15 million in funding in a round led by A91 Partners with participation from Aditya Birla Ventures, Flipkart Ventures, and Arali Ventures. We cross this extraordinary threshold with gratitude towards all those who were instrumental in making it happen – our investors, co-founders Rajat Deshpande, Anant Deshpande, Srijan Nagar, and Nikhil Bhawsinka, and of course, all the incredible team members at FinBox. The fundraise will propel the next phase of our growth as a credit infrastructure and data intelligence provider. With our sights set on expansion in SE Asia, we hope to strengthen our workforce and push the envelope in making financial services hyper-digitized, accessible and cost effective. Onwards and upwards! #fintech #funding #startups #tech #embeddedfinance #digitalbanking #bfsi #bnpl #credit #FinBox #A91 #AdityaBirlaVentures #underwriting #risk #intelligence #collections https://bit.ly/3OunwSf

What we predicted back in 2022 is now playing out. Private banks are asking to lower their Mudra loan targets because they are concerned about the rising stress of MSME loans. Private lenders have also argued that, in some cases, the current Mudra targets exceed their entire MSME loan portfolio. Despite the government reporting low non-performing assets (NPAs) in Mudra loans, banks expect bad loans to increase soon. It's becoming a tricky balancing act. Want to understand why this was bound to happen?Check out our two-part analysis to connect the dots. Part 1 - https://lnkd.in/g54xTRpE Part 2 - https://lnkd.in/g-mBmzMH . #Banking #MSME #MudraLoans #NBFCs #MoneyLending #SMELending #MudraScheme

The tightrope show is getting critical. Stakes are high, but the balance is fragile. And if it falls, pain will be inevitable for the economy.MFL and private banks are going through a tough time facing adversity and scrutiny from the regulators and the government. In this edition of the Pattern Mayank J. dives into the changing dynamics and the cracks emerging in India’s lending economy and where we are heading. Read the full story here: https://lnkd.in/gw2xn-db

At FinBox, the fun just keeps rolling in!! We celebrated Children's Day to nurture the child within us! The celebration kicked off with a guessing game, where colleagues had to identify each other's childhood pictures. 🧒 To add a touch of magic, we also had an interesting magic show!!!! 🎩 And, of course, no celebration is complete without scrumptious food! 😋 On 19th November, we took a moment to celebrate International Men's Day! Cheers to all the incredible men at FinBox who make work so much easier in fun by bringing in lot of energy and positivity to the workplace 👮♂️ 💻. . #FunAtFinBox #ChildrensDay #InternationalMensDay #FinBox #TeamSpirit

If data is the new oil, analytics are the refineries that turn coal into diamonds. At this year’s SamvAAd, the theme was on full display as participants, industry leaders, providers, and policy makers came together to synergise their efforts in moving India towards a new era of open finance. This new era promises industry-wide collaboration and innovation, pushing the boundaries of what’s possible with emerging use cases such as Personal Finance Management, Early Warning Systems, Cross-Selling, and more. We thank Sahamati and their entire team for leading the ecosystem and also putting together a wonderful flagship event where team FinBox got a chance to showcase our innovations and learn from clients, partners, and experts about how they’re utilising our products to build and serve delightful credit experiences to their customers. Sahamati Ruchi Pai Shalini Gupta Rajat Deshpande Anant Deshpande Srijan Nagar Amit Didolkar Mayank J. Shiv Chauhan Radhika Shah Dhananjay Ghatole Prithvi Uchil Akash Goel Sonal Sonkamble Sanoop Sashindran Arpan Adarsh Vishal Khajuria #fintech #events #AA #AccountAggregation #events #technology #startups #networking #credit #decisioning #analytics

Time to put the SPOTLIGHT on our superstars. At FinBox, success is a collective journey where every significant success is rooted in countless small victories. So, we are here with Spotlight Awards to honour those who’ve gone above and beyond, making an extraordinary impact on scaling up FinBox.We congratulate the 30 amazing folks from the Bengaluru and Gurugram offices who took home the Spotlight Awards. This recognition isn’t only about the award recipients. Every member of FinBox has been instrumental in our journey so far. We appreciate the effort and dedication you bring to the team. Let’s keep cheering each other on, aiming higher, and turning our hard work into more milestones to celebrate together. Cheers to all of us and everything we’ll achieve together. . SURESH KANNA Keerthana Ravichandran Harikrishna Tanna Haardik Gilhotra Vivek Pal Sakshi Gujrati Shivam Singh Sunil K Nayan Paruthi Chetan Dhiman 🚀 Shweta Singh Anna Catherine Ravinder Singh Siddhant Tiwary Pradeep Ranwa Mayank Agarwal Sudarsan Rath Aanya Chaubal Jay Gadhiya T Karthik Raj T Kshitiz Agrawal Sushmitha M katti Abhishek Bakshi Rayirth Soni Pankaj Kumar Yadav Radhika Shah Rishabh Kandhway Purushotham Santhati Shweta Sharma Janani Sri

⏰ 3 days to go! Prepare for SamvAAd 2024 on 19th November 2024 at The Westin, Mumbai, Powai. It’s India’s largest Account Aggregator event; you won’t want to miss it! Be part of the revolution with industry experts and thought leaders. FinBox senior teams will be there to help you learn more about the AA ecosystem and our ability to build cutting-edge products. They will also showcase our award-winning work in launching modern credit offerings with our customers. Limited seats are available—register now! Sahamati Ruchi Pai Shalini Gupta Rajat Deshpande Anant Deshpande Srijan Nagar Amit Didolkar Mayank J. Shiv Chauhan Radhika Shah Dhananjay Ghatole Prithvi Uchil Akash Goel Sonal Sonkamble Sanoop Sashindran Arpan Adarsh   #SamvAAd #SamvAAd2024 #Sahamati #AccountAggregator #DataEmpowerment #FintechIndia #FinBox #Technology 

In 2023, we witnessed an astonishing 1,059% growth in consent requests processed through the Account Aggregator ecosystem. This is just the beginning. AA is set to grow further and further from here, and FinBox is a proud partner on this journey. We're silver sponsors of SamvAAd 2024, India's largest Account Aggregator community event presented by Sahamati. And we'll be showcasing our latest innovations and products as well as looking to learn from our clients and the industry on how we can propel a new era of open finance where data-driven decisions are the gold standard. Join us on 19th November 2024 at The Westin, Powai, Mumbai.  https://lnkd.in/ggPzE_um #SamvAAd #SamvAAd2024 #Sahamati #AccountAggregator #DataEmpowerment #FintechIndia #FinBox #Technology B.G. Mahesh Ruchi Pai Shalini Gupta Sahamati Rajat Deshpande Anant Deshpande Srijan Nagar Nikhil Bhawsinka Amit Didolkar Mayank J. Radhika Shah Shiv Chauhan Nikhil Sashi Akash Goel Prithvi Uchil Himanshu Chauhan

$12.5 billion stolen. 2,500 fake loans. One death sentence. This is the story of the largest banking fraud in Vietnam’s history! It is not just another financial crime, it is a wake up call for the banking sector across the globe. In this edition of The Big Picture, our CEO Rajat Deshpande explores how this landmark case is reshaping conversations about banking integrity and fraud prevention in 2024. https://lnkd.in/geHh829v #loan #fraud #vietnam #financefraud #VietnamBankFraud #FinancialCrimeAlert #GlobalBankingWakeUp #FraudScandal #BankingSecurity #FakeLoansScandal #FraudPrevention #12BillionHeist #BankingCrisis #FinancialAccountability #BankingReform #FraudAwareness

When it rains, it pours. Is the microfinance industry on the verge of another crisis? 🚨 Microfinance has two major problems: One, it's tough to verify whether a household's income is actually as much as the borrowers claim. Two, borrowers are increasingly availing themselves of multiple parallel loans from different lenders. This has led to a rise in delinquencies and worried the industry. What happens next? In this 131st edition of The Pattern, Mayank J. dives into the sector and outlines what's causing this stress, how lenders are bracing for impact, and what preventive actions can be taken in the future. It's a must-read. Access it here: https://lnkd.in/gBNr4ZRc #fintech #BFSI #microfinance #lending #delinquency #NPA #leverage #creditrisk #intelligence #underwriting #technology #India