PropFinTech Technologies, a new-age fintech startup has lifted $1.4 million in a seed funding round co-directed by HNIs & the family office of K.I Varaprasad Reddy, Rahul Gedupudi, Sreeman Chalasani & Srinivas Kalagara, and many others.

The newly raised funding will be utilized to hasten its growth and launch innovative solutions to the market, ProFinTech stated in a press release.

Co-established in the year 2022 by Ravi Tanniru & Sandeep Kunkunuru, ProFinTech harneses data-backed trade recommendation and funding fulfillment engines to permit MSMEs to secure financing through a user-friendly interface, removing the difficulties often linked with conventional apps and documentation process. It underscores major hurdles for small businesses looking for faster and simpler financing options.

Based in Hyderabad, the company aims to reinforce collaborations with banks and non-banking financial companies to scale up their supply chain and trade funding operations. The startup is about to launch products with new features and augmentations developed to provide further benefit for MSMEs, empowering them to streamline their businesses.

The startup is incubated at T-Hub, Hyderabad and functions from T-Hub’s machine learning and artificial intelligence – MATH center of excellence in Hyderabad.

ProFinTech privileges that it has launched certain products such as automated financing suggestions, transaction level credit readiness scores, live transaction funding and zero processing fees.

With a team of technology veterans and believers, Profintech is building the next generation thing to enable financial freedom for businesses. The startup believes that the businesses of all sizes have easy and reasonable access to the essential business services such as finance.