Credit infrastructure fintech FinBox has raised $40 million in Series B funding, led by WestBridge Capital with participation from A91 Partners and Aditya Birla Ventures. The round also included a $5 million secondary sale, providing early investors partial exits.
Funding Snapshot
The company had earlier raised $15 million in Series A in 2022, led by A91 Partners. With this fresh capital, FinBox aims to accelerate product innovation, fuel international expansion, and strengthen its AI-driven credit intelligence stack.
Building Credit Rails
Founded in 2017 by Rajat Deshpande, Anant Deshpande, Nikhil Bhawsinka, and Srijan Nagar, FinBox provides B2B credit infrastructure for banks, NBFCs, and fintechs. Its modular platform enables digital loan origination, underwriting, fraud detection, and embedded lending.
The company is betting big on products like Sentinel BRE (AI-native digital lending), Prism (partnership lending stack), and fraud intelligence solutions, while also strengthening its BankConnect, DeviceConnect, and KYC API suite.
Market Traction
FinBox currently serves 130+ enterprise clients, including HDFC Bank, Kotak Mahindra Bank, Aditya Birla Capital, Tata Capital, and Poonawalla Fincorp. Since inception, it has processed $9 billion+ in loan applications and claims to be growing at 100% YoY across product lines.
As per TheKredible, the company reported 47% revenue growth in FY24 to ₹53 crore, though losses widened to ₹34 crore. FY25 results are yet to be filed.
Market Context
India’s digital credit ecosystem is rapidly expanding, with fintechs driving innovation in embedded finance, AI-based underwriting, and fraud detection. FinBox, competing with Perfios, Signzy, and Fibe, is positioning itself as a core infrastructure enabler for this wave.
Final Take
By combining AI-first products with deep partnerships in banking, FinBox is building the rails for the next era of digital credit.
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