Bengaluru, India-based fintech FinBox has raised $40 million in a Series B funding round, led by new investor WestBridge Capital, to drive the international expansion of its credit infrastructure offering and enhance its product suite.
The Series B round saw participation from previous investors Aditya Birla Ventures and A91 Partners. A91 Partners previously led FinBox’s $15 million Series A round in 2022. Additional prior backers include Flipkart Ventures and Arali Ventures. WestBridge Capital, headquartered in London, led the latest investment.
FinBox, founded by the former product team of GoPigeon (a logistics management company acquired by Narvar in 2017), specializes in enabling digital platforms to integrate and offer various credit products. These include Buy Now, Pay Later (BNPL) services, personal loans, working capital loans, and invoice financing.
According to a company statement, the $40 million in capital will be allocated to accelerate investments in technology, fuel international expansion, and deepen FinBox’s existing product offerings. The company also plans to broaden its portfolio to include agentic AI workflows and a comprehensive fraud intelligence suite.
The founding team, comprising CEO Rajat Deshpande, Srijan Nagar, Nikhil Bhawsinka, and Anant Deshpande, stated their commitment to “continue to deepen our digital lending stack, launch new products, and expand internationally.” They also articulated their mission: “to empower lenders to source better, underwrite faster, fight fraud more effectively, and extend fairer, more accessible credit to millions.”
FinBox currently serves a roster of notable clients, including HDFC Bank, Kotak Mahindra Bank, Poonawalla Fincorp, Aditya Birla Capital, Muthoot Fincorp, and Tata Capital.
