Indium Finance raises Rs 4.5 Cr from IAN

Indium Finance, a Mumbai-based B2B fintech and NBFC platform for distributors, wholesalers and retailers, has raised Rs 4.5 crore from Indian Angel Network (IAN). The round was led by IAN lead investors Sanjay Rishi, Raman Roy, and Manipal Group.

According to Indium Finance, the raised capital will be used for acquiring new customers, building the product platform and expanding the sales and technology teams. This round is the maiden one for Indium Finance which was bootstrapped for nearly four years.

Founded by Shalabh Mohan and Vivek Kumar in 2019, Indium Finance aims to democratise working capital access to SMEs by leveraging its proprietary credit models and technology platform.

The fintech platform partners corporates and B2B e-commerce platforms to provide credit solutions (such as buy now and pay later or BNPL) and cash management solutions to the distributor, wholesale and retailers.

Importantly, the company provides innovative digital financing solutions for B2B purchases migrating to online platforms. Indium Finance claims to have worked with multiple corporate and B2B e-commerce partners, giving it access to more than 25,000 distributors, dealers, and retailers.