Finsire is a technology company.
Finsire has raised $1.0M across 1 funding round.
Finsire has raised $1.0M in total across 1 funding round.
Finsire has raised $1.0M in total across 1 funding round.
Finsire's investors include AngelList, Binary Capital, Polygon.
Finsire is a fintech startup founded in 2021 in Chennai, India, that builds digital infrastructure for secured credit, enabling lenders to offer loans against digital assets like mutual funds, shares, gold, insurance, stocks, and bonds.[1][2][3][4] It provides a full-stack platform—including APIs for loan origination, collateral management, and servicing—that serves banks, NBFCs, fintechs, and wealth platforms, solving the problem of slow, paperwork-heavy pledging processes by making them instant, digital, and compliant.[1][3] Finsire's growth includes under $5 million in total funding across one round from angel investors and networks, with a small team of under 25 employees and reported revenue of $6.7 million, positioning it as an enabler for liquidity without selling investments.[2][4]
Finsire was co-founded in 2021 by Shreyans Nahar (CEO), Mridul Manhas, and Subramaniam Chintamani, all with finance and tech backgrounds, in Chennai (also noted in Tamil Nadu and Pune contexts).[1][2][5] The idea stemmed from Nahar's personal frustration: despite a six-figure salary and stocks abroad, he couldn't secure an education loan in India without owning a house, highlighting barriers to using non-traditional assets as collateral.[1] This led to building lending enablement services for digital assets, capitalizing on India's advanced public infrastructure like payments systems.[1][3] Early traction came from partnering with lenders and wealth platforms, evolving from simplifying mutual fund/share pledging (days to minutes) to a broader API-focused platform for secured credit.[3]
Finsire rides the digital asset collateralization trend in India's booming fintech sector, where UPI-like payment infra has set precedents for scalable public goods, now extending to credit.[1][3] Timing aligns with rising demand for non-disruptive liquidity amid growing retail investments in mutual funds/shares, fueled by digital wealth platforms and post-pandemic financial inclusion pushes.[3] Market forces like regulatory support for digital lending and NBFC growth favor it, positioning Finsire to influence ecosystem-wide adoption of asset-backed credit, much like how payment stacks democratized transactions.[1][2] Competitors include Anvi AI, Digitmoney, and Dgt Labs, but Finsire differentiates via full-stack focus on secured assets.[2]
Finsire is poised to expand its platform beyond India, powering "rails of secured credit" for global institutions amid surging digital asset adoption and AI-enhanced risk models.[1][3] Trends like tokenized assets, embedded finance, and real-time data privacy will accelerate its growth, potentially scaling revenue and partnerships with more VCs post its initial angel funding.[2][4] Its influence may evolve from niche enabler to infrastructure standard, unlocking trillions in idle assets—echoing how it transforms personal barriers, like Nahar's loan struggle, into widespread financial empowerment.[1]
Finsire has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in March 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2023 | $1.0M Seed | AngelList, Binary Capital, Polygon |