FinBox Raises $40 Million to Boost AI Powered Digital Lending
- FinBox secures $40 million in fresh funding led by WestBridge Capital.
- Funds to boost AI first platforms, fraud detection tools, and international expansion.
- Works with top lenders like HDFC Bank, Tata Capital, and Kotak to power embedded finance.
Bengaluru based fintech startup FinBox has raised $40 million in a new funding round led by WestBridge Capital, with support from A91 Partners and Aditya Birla Ventures. The company plans to use the capital to enhance its AI driven digital credit infrastructure, launch a fraud intelligence suite, and expand its global presence.
Founded in 2017 by Rajat Deshpande, Anant Deshpande, Srijan Nagar, and Nikhil Bhawsinka, FinBox helps banks, NBFCs, and enterprises embed financial services into their platforms. It offers a modular suite of APIs and data intelligence tools to improve how credit is sourced, underwritten, and disbursed.
The startup already works with major Indian lenders like HDFC Bank, Kotak Mahindra Bank, Tata Capital, Poonawalla Fincorp, Aditya Birla Capital, and Muthoot Fincorp, enabling them to scale digital lending with speed and security.
With the new funding, FinBox will build agentic AI workflows, develop tools to fight digital fraud, and deepen its credit stack. The goal is to make lending more efficient, transparent, and accessible, especially for underserved users.
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“We want to help lenders source better, underwrite faster, fight fraud more effectively, and offer fairer credit to millions”, the founders said in a joint statement.
According to Tracxn, FinBox had earlier raised $16.1 million. The latest round brings strong validation for its vision of building sustainable financial infrastructure that supports the future of embedded finance.
