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Total amount raised
$429M
Latest funding date
2025-05-13
Location
Stashfin has successfully raised funding over seven rounds, with the latest being a debt financing round. The platform is backed by 24 investors, including Coinmen Consultants LLP and AlgoBulls.
What Is Stashfin?
Stashfin is a financial services platform based in New Delhi, India. The company specializes in quick personal loan approvals and offers investment options in corporate bonds.
Operating in the finance, financial services, fintech, and lending sectors, Stashfin employs approximately 170 people. The company is private and has raised funds through a combination of equity and debt financing rounds.
How Much Funding Has Stashfin Raised?
- Pre-Series A (Seed)
- Amount Raised: USD 5,000,000
- Date: June 27, 2017
- Lead Investors: Snow Leopard Ventures, Alto Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial product offerings.
- Debt Financing
- Amount Raised: USD 4,320,000
- Date: July 2018
- Lead Investors: Northern Arc Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial lending operations and expand loan disbursals.
- Series B
- Amount Raised: USD 40,000,000
- Date: April 2021
- Lead Investors: Altara Ventures, Uncorrelated Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and scale neobanking operations. Existing backers Integrated Capital, Kravis Investment Partners, Saison Capital, Tencent Cloud Europe BV, Snow Leopard Ventures, and Alto Partners also participated.
- Series C (Equity)
- Amount Raised: USD 70,000,000
- Date: June 21, 2022
- Lead Investors: Uncorrelated Ventures, Abstract Ventures, Fasanara Capital
- Valuation at Round: USD 700,000,000 – USD 800,000,000
- Motivation Behind the Round: To support rapid growth and scale operations across South Asia and Southeast Asia.
- Debt Financing (Series C Debt Tranche)
- Amount Raised: USD 200,000,000
- Date: June 21, 2022
- Lead Investors: Fasanara Capital (led credit facility); Altara Ventures, Kravis Investment Partners, Snow Leopard also participated
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure capital for expanding loan offerings via external commercial borrowings.
- Debt Financing
- Amount Raised: USD 100,000,000 (approximately INR 800,000,000,000)
- Date: March 22, 2023
- Lead Investors: InnoVen Capital, Trifecta Capital; also participated: Cholamandalam Investment and Finance, Northern Arc Capital, Vivriti Capital, Hinduja Leyland, MAS Financial Services
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive growth, enhance customer experience, and optimize the portfolio for potential securitization.
- Debt Financing
- Amount Raised: INR 788,000,000 (approximately USD 9,300,000)
- Date: May 13, 2025
- Lead Investors: Northern Arc Capital, Coinmen Special Opportunities Fund; also participated: Asvanta Financial Consultants, Infixin Technologies, AlgoBulls Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand loan offerings; raised via secured listed NCDs, pass-through certificates, and commercial papers as part of a broader INR 160+ crore Q4 FY25 debt raise.
Total Amount Raised: At least USD 428,620,000 based on disclosed funding across all rounds.
Current Valuation: USD 700,000,000 – USD 800,000,000 (as of June 2022 Series C)
Key Investors
- Northern Arc Capital
- Details: Northern Arc Capital is a leading Indian financial services platform that focuses on enabling credit access for underserved households and businesses. They have been an early and recurring debt partner to Stashfin.
- Investment Focus Areas: Debt financing, financial inclusion, NBFCs, fintech
- Notable Investments: Stashfin, Aye Finance, Kinara Capital
- InnoVen Capital
- Details: InnoVen Capital is a leading venture debt provider in Asia, focusing on providing debt capital to high-growth ventures. They have a strong presence in the technology, consumer, and healthcare sectors.
- Investment Focus Areas: Technology, consumer, healthcare, financial services
- Notable Investments: Swiggy, Byju's, OYO, Zomato
- Trifecta Capital
- Details: Trifecta Capital is a venture debt firm that offers structured debt solutions to high-growth companies in India. They specialize in providing financial support to new-age businesses.
- Investment Focus Areas: Technology, consumer, financial services
- Notable Investments: BigBasket, UrbanClap, CarDekho
- Uncorrelated Ventures
- Details: Uncorrelated Ventures is a venture capital firm that invests in early-stage technology companies. They participated in both Stashfin's Series B and led the Series C equity round.
- Investment Focus Areas: Technology, software, fintech
- Notable Investments: Plaid, Blend, Figure
- Fasanara Capital
- Details: Fasanara Capital specializes in alternative asset management, focusing on fintech and digital lending. They led the $200 million credit facility component of Stashfin's Series C round.
- Investment Focus Areas: Fintech, digital lending, alternative finance
- Notable Investments: MarketFinance, Credimi
- Abstract Ventures
- Details: Abstract Ventures is an early-stage venture capital firm that invests in technology startups. They co-led Stashfin's Series C equity round.
- Investment Focus Areas: Technology, early-stage startups
- Notable Investments: Robinhood, Notion, Rippling
What's Next for Stashfin?
Stashfin is poised to capitalize on the burgeoning fintech market, particularly in Southeast Asia. With a recent $100 million debt funding round, the company is well-positioned to expand its credit access to underserved segments and optimize its portfolio for potential securitization. The Indian fintech sector is expected to reach $1.3 trillion by 2025, offering substantial growth opportunities.
Future fundraising appears promising, given the strong backing from investors like InnoVen Capital and Trifecta Capital. Stashfin's robust business model and market demand suggest continued interest from venture capital and private equity firms. However, the company must navigate regulatory challenges and intense competition in the fintech space to maintain its growth momentum.
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