FinBox

About FinBox

Based in Bengaluru, India, FinBox operates as a developer of digital credit infrastructure and a risk intelligence suite, founded in 2015 by Rajat Deshpande, Anant Deshpande, Srijan Nagar, and Nikhil Bhawsinka. The company's CEO, Rajat Deshpande, leverages his background as a fintech specialist and his experience in product roles at GoPigeon Logistics and Citigroup to guide the company's mission. The founding team combines expertise in product management, machine learning, and business analytics to address the complexities of digital lending.

FinBox provides a business-to-business (B2B) credit infrastructure that enables both fintech and non-fintech platforms to launch digital financial products. The company’s clients include banks, Non-Banking Financial Companies (NBFCs), and other fintech platforms. Its business model centers on providing the technology and data intelligence that allow these clients to offer tailored credit products to their own customers, including underserved segments like Micro, Small, and Medium Enterprises (MSMEs). Revenue is generated by providing these infrastructure services, which help clients embed credit offerings such as personal loans, working capital loans, and Buy Now, Pay Later (BNPL) services directly into their ecosystems.

The company's core offering is a full-stack embedded finance platform that simplifies the entire lending process through APIs and SDKs. Key products include 'BankConnect' for bank statement analysis, 'DeviceConnect' for alternative data underwriting, and 'Sentinel', a platform for credit decisioning and risk management. These tools enable features like loan origination, multi-bureau analytics, and collections management. For instance, BankConnect has been shown to reduce costs by 30% and increase MSME loan approvals by 17% for clients like IIFL. The platform supports the rapid launch of digital credit products, allowing partners to go live within weeks. FinBox has raised a total of $16.1 million over three funding rounds, with a significant $15 million Series A round in May 2022 led by A91 Partners. This capital is being used to scale offerings and expand into Southeast Asia.