Fintech startup FinAGG completed $11 million in Series A financing and will introduce blockchain underwriting business
Financial technology startup FinAGG Technologies has announced the completion of a $1.1 million Series A financing round, led by BlueOrchard and Tata Capital Limited, with participation from SIDBI and existing investor Prime Venture Partners. In addition, FinAGG also received funding from Gray Matter Capital through non-convertible debentures (NCDs). FinAGG co-founder Nipun Kohli stated that the company is introducing blockchain into the traditional insurance industry, aiming to provide a closed-loop credit solution for distributors, retailers, and small and medium-sized enterprises. Currently, its partners include Marico, PepsiCo, UGro, BluStar, and others.
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