Financial technology platform 50Fin has successfully raised Rs 4.25 crore in a pre-seed funding round co-led by 100X.VC, Keynote Capital, and Arun Venkatachalam. The funding round also witnessed the participation of prominent investors such as KRS Jamwal, Aniket Nikumb, Manish Kumar (founder of KredX), Sumit Khadria, Rajesh Sawhney, Dinesh Agarwal (founder of IndiaMart), among others.

Established in 2022 by Aditya Srinivas Prasad and Darpan Samir Tanna, 50Fin offers instant loans to customers against their mutual funds and shares. The company has revolutionized the loan process by streamlining the entire journey, from sign-up to loan approval, within just 7 minutes, eliminating the need for physical documents and CIBIL checks.

With its innovative platform, 50Fin enables investors to access credit swiftly and efficiently against their portfolios. The company is currently integrating its platform with leading asset management companies and portfolio management services. 50Fin has set a target to disburse Rs 100 crore in loans by the end of the current financial year.

The recently funded Class 09 by 100X.VC has witnessed investments in 22 startups, including notable names such as abCoffee, Airbook, Bansiwala, BreatheESG, and Rannkly. 50Fin plans to utilize the newly raised funds to further enhance its embedded solutions, improve its product portfolio, and enhance customer servicing. The company aims to continue its rapid growth and provide efficient financial solutions to a wide range of customers.