In a seed round spearheaded by HNIs and the family offices of K.I. Varaprasad Reddy, Rahul Gedupudi, Sreeman Chalasani & Srinivas Kalagara, and others, the fintech firm ProFinTech Technologies raised $1.4 million.
According to a press statement from ProFinTech, the money will be used to expand the company and offer cutting-edge products to the market.
ProFinTech, which was co-founded in 2022 by Ravi Tanniru and Sandeep Kunkunuru, uses data-backed trade recommendation and financing fulfillment engines to provide MSMEs with a user-friendly interface for securing funding while doing away with the complications that come with traditional financing apps and documentation procedures.
It overcomes significant obstacles faced by small firms looking for easier and faster funding choices.
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The company, which is situated in Hyderabad, wants to expand its supply chain and trade financing operations by fortifying its relationships with banks and NBFCs. The business is about to launch new features and improvements for its products that will help MSMEs grow and succeed even more.
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Operating out of T-Hub’s Machine Learning and Artificial Technology Hub (MATH) Center of Excellence in Hyderabad, ProFinTech is incubated at T-Hub.
According to ProFinTech, it has launched a number of solutions, such as live-transaction funding, transaction-level credit readiness scores, zero processing fees, and automated financing recommendations.
About ProFinTech
Profintech Technologies encourages optimism, innovation, empowerment, and boldness and is an equal opportunity employer. currently always looking for finance and technology advocates who can improve the world.
