Stashfin, a fintech firm, has earned $100 million in loans from InnoVen Capital and Trifecta Capital, according to a declaration. The company provided a number of different lenders that participate in the round as investors, including Cholamandalam Investment and Finance Corporation (Chola), Northern Arc Capital, Vivriti Capital, Hinduja Leyland, and MAS Financial Services. At its most recent funding round, Stashfin raised close to $430 million in debt and equity and was valued at $730 million.

“Players like Stashfin are defining a new category by enabling access to funds for under-served segments," said Ashish Sharma, managing partner, InnoVen Capital. The new debt fund is Stashfin's follow-up of the Series C round. The company raised $270 million in Series C in May last year, and out of that, only $70 million was raised in exchange for equity from Uncorrelated Ventures, a San Francisco-based company while the rest $200 million was debt from Fasanara Capital, Abstract Ventures and other investors.

“It is promising to see how our efforts and unique product offering have helped us scale swiftly and benefited all of our partners and stakeholders. The new collaborations will add more velocity to our growth given our robust business model and extensive market demand," said Tushar Aggarwal, CEO and founder of Stashfin. According to the company's statement, Stashfin plans to use the new funding to boost customer satisfaction, optimize its portfolio for prospective securitization, and further improve financial inclusion. Stashfin was started in 2016 and offers financial services & products to millions of borrowers in India. The company claims that it serves more than 10 million consumers who have limited credit footprints. 80 percent of its revenues come from India and the remaining 20 percent is from Singapore.