50fin
We are a credit platform with a NIFTY50 terminal that rewards value investors with low interest credit products.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | $550k | Seed | |
| Total Funding | 000k | ||
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50Fin is a fintech company that has developed a digital-first infrastructure for secured credit, enabling lenders and investors to streamline the process of obtaining loans against securities.
The company provides a platform for instant loans of up to ₹5 Crore against mutual funds and stocks, with an interest rate starting at 10.25% per annum. The process is entirely digital, ensuring a fast disbursal of funds. Notably, there are no pre-closure charges for the loans.
50Fin aims to simplify secured credit through seamless integrations, which in turn unlocks the value of capital markets. The company's services are targeted towards individuals and entities looking to leverage their investments in mutual funds and stocks for liquidity.
Recently, the Bengaluru-based startup raised $550,000 in a funding round, which will likely be used to further enhance its technology and expand its reach in the Indian financial market.
Keywords: loan against securities, fintech, digital lending, mutual funds, stocks, secured credit, investment, financial services, capital markets, lending platform