Startup News Magazine

Fintech startup FinanceKaart raises INR 1 Cr seed funding

Incubated & backed by IIM-Lucknow & FinBlue-STPI- Chennai, Fintech Startup FinanceKaart raised the seed funding from renowned Angel Investors.

Lucknow, May 27: Fintech startup FinanceKaart, incubated & backed by IIM-Lucknow & FinBlue-STPI- Chennai, raises INR 10Mn of seed funding from renowned Angel Investors.

The country’s startup ecosystem is in the middle of an emerging expansion. FinanceKaart, a digital marketplace for financial products, has successfully raised ten million from private investors. The brand will utilize the capital raised to build a robust technology platform, for hiring, and to enhance user experience.

FinanceKaart, an AI-driven marketplace Neo-Bank, caters to India’s un/under-served MSMEs. Founded by Ganga Ram Gupta in 2018 in Lucknow, its vision is to cater financial services needs of small business owners. It offers products around lending, credit cards, insurance & current account through its partner banks & NBFCs. It is also looking for an NBFC license to build its loan book in the days to come.

Founder & CEO Ganga R. Gupta, an MBA graduate from Banaras Hindu University (BHU), completed his MDP from IIM, Lucknow. He has professional experience of over nine years in Product, Portfolio and Business Development across BFSI.

A first-generation entrepreneur, Ganga Ram has served in several strategic leadership positions in prestigious corporates before setting up  FinanceKaart. During this tenure, he played an instrumental role in various product setups in Star Union Dai-ichi Life Insurance, India First Life Insurance, Muthoot Finance, and Religare Health Insurance.