Intellend raises $1.2 Mn in seed round led by Incubate Fund Asia

Mumbai-based embedded lending technology startup Intellend Technologies Advisors has raised $1.2 million (Rs 10.6 crore) in a seed funding round led by Incubate Fund Asia. The round also saw participation from M Venture Partners, Atrium Angels, and angel investor Dhananjay Tiwari.

The proceeds will be used to expand the core team, enhance product capabilities, and execute the company’s go-to-market strategy.

Founded in May 2025 by Brotish Das, Som Chatterjee, and Bodhisattwa Gupta, Intellend is building a full-stack lending-as-a-service platform focused on enabling embedded credit for MSMEs within digital merchant ecosystems. 

The platform allows merchant platforms and financial institutions to offer loans directly at the point of need using data-driven underwriting and automated risk assessment.

Intellend has partnered with multiple merchant ecosystems that collectively serve over one lakh merchants, enabling access to credit through integrated lending workflows. It focuses on providing structured and affordable credit access to small businesses that typically face limited access to formal lending.

Intellend also plans to scale partnerships with additional merchant platforms and financial institutions while expanding its lending product suite.

The founding team brings prior experience across Indian and global financial institutions, including Citi, Standard Chartered, HSBC, Axis Bank, and other large lenders, with backgrounds in digital lending, risk management, and embedded finance.