Stashfin raises $100 million in debt funds to expand access to credit

Fintech platform Stashfin on Wednesday announced that it has raised $100 million with InnoVen Capital and Trifecta Capital participating as new debt partners. The debt raise comes as a follow up to the Series C round of funding of $270 million in H1 '2022 which valued Stashfin at about $730 million and was one of India’s most notable funding rounds of the year.

It also saw participation from a host of domestic lenders. The platform will utilise the funds to optimise the portfolio for potential securitisation as it continues to drive rapid business growth and superior customer experience enabling financial inclusion for various segments of the society, it said in a statement.

Tushar Aggarwal, CEO and Founder of Stashfin said, "We look forward to this new partnership with InnoVen and Trifecta Capital as we continue our journey of providing fair and transparent access to capital for Indian consumers. We also thank our existing partners for their continued trust enabling us to help our customers build creditworthiness, thereby fulfilling their needs and aspirations."