Early Stage Startups Finsall, Reloy Net Venture Funds

Insurance-focused fintech platform Finsall said it raised Rs 12 crore in a pre-Series A round from its existing investors – Unicorn India Ventures and SEA Fund, along with other investment groups. investors.

The new round of financing will be deployed to scale the company’s technology platform and sign new insurance partners to increase its share in the Indian insurance premium financing market.

Finsall said he would also seek out lending partnerships with top banks and non-bank financial companies (NBFCs).

Finsall is an end-to-end technology process for financing insurance premiums. They have built a multi-lender platform for banks and NBFCs so that loans can be made at scale and in a sustainable way.

“We currently have customers in over 500 cities across India, with a particular focus on underbanked and underserved rural pockets. We have also opened funding for several products within the insurance industry to continue our expansion and build a strong business model,” said Tim Mathews, co-founder and CEO of Finsall.

Reloy

Real estate digital equipment provider Reloy has raised Rs 5 crore in its pre-Series A funding led by Inflection Point Ventures, Fawkes Fund, the family office of Greenpanel & Greenlam and other angel investors.

The company plans to use the capital to expand its operations and upgrade its product for commercial launch.

“With the collective strength of the largest real estate companies united on our platform, we want to create a new type of housing. Consumer expectations have risen dramatically, while housing as a product has not gone beyond the four walls.

The next type of housing is going to leverage digital amenities to solve unique homeowner problems and create conveniences around this asset ownership,” said Akhil Saraf, Founder and CEO of Reloy.

Launched in 2018 by Saraf, Reloy is a provider of digital equipment and real estate SEO solutions that started as a loyalty platform that catered to businesses across all industries.

According to the company’s statement, it seeks to create conveniences in housing projects through its digital equipment. These digital devices increase customer satisfaction and increase referral sales by up to 200%.

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