P2P cross-border payments platform powered by regulated stablecoins. Offers better rates than mid-market exchange rates, with near instant settlement in key corridors (starting with US-India). ₹9.5CR pre-seed round. Angels in the round: Abhiraj Singh Bhal, Varun Khaitan, Raghav Chandra (Urban Company); Pradeep Parameswaran (Uber); Kunal Shah (CRED), Rishabh Goel (Credgenics). Founded in Jan 2025, Gurgaon based. Founders: Aditya (IIT Bombay '08, INSEAD '13) was at Urban Company for five years prior to this (including as Country Head for the US), at Uber and at EY Parthenon; Himanshu (IIMA '13) was SVP at TravelPlus, Co-Founder at CurioED (science learning programs) and VP at Urban Company; Nikhil (IIM Lucknow '13) was at Urban Company for seven years prior to this (VP of Business Development) and at HCL.

Full stack fintech SaaS platform that helps financial institutions distribute priority sector and impact-linked loans. It offers the infrastructure for field operations, loan origination and credit decision making. Lenders using the platform have reduced turnaround time by 50-75% and increased their sanction loans ratio to 85-90%. The company has worked with 75 lenders to support disbursements of ~₹1,000CR in the last 18 months. ₹17.5CR ($2.1M) seed round. Other investors in the round: Gemba Capital. Existing investors include All In Capital. Founded in Oct 2022. Founders: Prashant (Madras Univ., LSE) was COO at HipBar (alcohol delivery app acquired by CRED) and worked on partnerships at Capital Float; Aman was a Director at Grant Thornton, SVP at Capital Float and more recently Partner at Accela Fiduciary (debt financing for priority sectors); Harshit was Head of Engineering at HipBar and architected the investment platform at Smallcase.

Insurance-tech platform that connects businesses and insurance providers, in order for businesses to secure surety bonds backed by insurers as an alternative to traditional bank guarantees. 75 surety bonds have been issued through the platform so far. ₹23.5CR seed round. Other investors in the round: Supermorpheous. Founded in Aug 2024. Founders: Aditya (CEO) was a co-founder at NH1Design (brand consultancy) for 12 years, Rajeev (COO) was Co-Founder & COO at Numberz (receivables platform backed by Peak XV (Sequoia at that time) and acquired by Chargebee), Mukund (CRO) was an SVP at Aon and VP at Tata AIG.

Broking platform. No information on current scale. It has a suite of trading and investing tools, including its options analytics platform Opstra, momentum and technical analysis tools and mutual fund research. First round of an undisclosed amount. Angels in the round: Hemant Luthra, Ajay Srivastava, D. Prasad, Nitin Agarwal, Madhusudan N. Sarda. Founded in 2015. Founders: CEO Prashant spent a decade at IIFL before founding Definedge; no background information available on co-founder Rajesh.

AI chatbots that act as debt counsellors for banks and other financial institutions, interacting with distressed borrowers to drive the debt recovery process. Works with lenders such as CRED, Nira, Propelld and Freo, managing collections for ₹100CR worth of NPAs each month. This funding will go towards building capabilities in credit risk workflows and managing multilingual conversations. $825K pre-seed round. Angels from Google, Meta, Tesla, M2P, HyperVerge. Founded in Feb 2024. Founders: CEO Ankit, CTO Jayanth and Co-Founder Abhishek are recent graduates from IIT Madras - Ankit went on to Carnegie Mellon before starting Riverline.

Financial infrastructure platform building a real-time cross border payments system that eliminates the need for pre-funded liquidity (banks usually park large sums of money in different currencies to enable instant payments, which lies idle in these accounts). $5M seed round. Other investors in the round: Transpose Platform VC, Polymorphic Capital, Tykhe Ventures, and Contribution Capital. Founded in Jan 2025, launched in April. Founders: CEO Prashanth is a Venture Partner at Woodstock, the Web3 fund, and was at BCG; CTO Manish was CTO at Amazon Pay India and led tech at Lendingkart; COO Abhishek was Founder & CEO of Nitro Network (a decentralized communication network).

B2B e-commerce platform that specializes in building materials. The company provides a line of credit to emerging architects, contractors and builders, powered by NBFCs like Muthoot Finance and Rupifi. ₹6CR seed round from the corporate venture capital arm of Somany Impresa Group, the owners of Hindware.

Wealth management and debt syndication platform for HNIs, family offices and enterprises. Manages 100 channel partners and 1,000 investors. It has facilitated ₹4,000CR across debt, unlisted equity and mutual funds. $2.5M seed round.

Trade finance company focused on addressing a $525B shortfall in trade financing in India, particularly for SMEs. Operates as an "NBFC Factor", which is a specialised NBFC license from the RBI, for firms focused on purchasing a company's accounts receivables in exchange for immediate WC. It provides invoice discounting, factoring, supply chain financing and cross-border trade credit. No information on current scale. $15M round which is a mix of debt and equity (mix undisclosed). Led by Nicolas Walewski, founder of Alken, an asset management firm in London. Founded in Jan 2024. Founders: Taranjit was the Head of Corporate Banking in India for Barclays for nine years, after stints at Citibank, ICICI (their PE fund of funds) and Bank of America; Ajitabh worked cross Barclays investment banking and corporate banking for 17 years. Comps: M1xchange, A.TREDS, Receivables Exchange of India.

Agentic AI led platform for consumers to improve their credit scores. The platform combines actionable credit insights, EMI management and rewards for responsible customer behaviour. ₹100CR in credit repayments and 2M users since launch, now approaching $1M in annualized revenue. $7M seed round. Angels in the round: Vidit Aatrey and Sanjeev Barnwal (Meesho), Ramakant Sharma (Livspace), Abhishek Goyal (Tracxn), Rajesh Yabaji (BlackBuck), Nitin Gupta (Uni), Madhusudan R (M2P), Anil Goteti (Scapia) and Arnav Kumar (Leap). Founders: Utkrishta (IIT Kharagpur) was the Chief Experience Officer at Meesho. Founded in Jan 2024. Comps: Moneyview (Apis, Tiger Global) and CRED provide credit tracking amongst other services.