Company Research Report: FinAGG Technologies

Company Overview

• Name: FinAGG Technologies

• Mission: To revolutionize supply chain finance, driving innovation and fostering growth for Micro, Small, and Medium Enterprises (MSMEs) across India by providing quick cash flow solutions.

• Founded By: No information is available.

• Key People:

• Nipun Kohli, CEO, Product and Business Development

• Srinivasan Ramki, CTO

• Ashma Kohli, Head of Business Operations and Credit Collections

• Deepak Goyal, Chief Risk and Compliance Officer

• Prabhat Sachan, AVP Product

• Headquarters:

• Registered Office: C-193 Anand Vihar Delhi 110092

• Corporate Office: Smartworks, World Trade Tower Plot No-1, Noida Sector-16, Noida, Uttar Pradesh 201301

• Number of Employees: Over 300 professionals

• Revenue: No information is available.

• Known For: Providing invoice-based financing solutions widely known as the "Stock Now Pay Later" product for MSMEs in India, enhancing financial inclusion, and supporting SME growth with supply chain finance solutions.

Products

MSME & SME Loans

• Description: Tailored financing solutions providing quick, hassle-free loans for business needs.

• Key Features:

• Customizable solutions tailored to specific business needs.

• Competitive interest rates starting at 10% p.a.

• Loan amounts ranging from ₹50,000 to ₹5 Crore.

• Fast approval process.

Working Capital

• Description: Ensure smooth business operations with necessary working capital.

• Key Features:

• Maintain cash flow for daily expenses.

• Flexible access to funds to avoid operational interruptions.

Banking as a Service (BaaS)

• Description: Provides a range of banking services to empower businesses with digital financial operations.

Loan Against Property

• Description: Access to funds leveraging property as collateral with competitive rates.

Deep Tier Financing

• Description: Supports smaller suppliers across the supply chain providing necessary working capital.

Anchor Product

• Description: Allows anchor companies credit extension to suppliers for improved liquidity.

DMS (Distributor Management System)

• Description: Optimize distributor management for a streamlined supply chain.

Recent Developments

• Funding: FinAGG Technologies has recently raised $11 million in Series A funding led by Tata Capital and BlueOrchard.

• Innovations and Recognitions:

• Recognized in the Risk Management category at Sahamati’s SamvAAd.

• Recent News:

• Activities and impacts discussed in media outlets like CNBC TV18, The Economic Times, NDTV Profit, and Business Standard.

• Technological Advances:

• Digital application processes for MSME loans with minimal paperwork.

• Seamless integration with India Stack API; ISO compliant for secure integration.

• Partnerships: Collaborations with esteemed partners to tailor innovative solutions that promote mutual success and financial empowerment for small businesses.

Additional Information

• Social Impact: Over 31% of FinAGG users are women entrepreneurs, highlighting its role in promoting gender equality in financial inclusion.

• Investors: Supported by notable investors like Tata Capital, SIDBI, Prime Venture Partners, BlueOrchard, and BLinC Invest.

• Contact Information:

• Grievance Contact: grievance@finagg.in | +91 85274 44067

• Nodal Office Contact: Ms. Ashma Kohli | ashma@finagg.in

• Growth and Vision: Established in 2020, FinAGG focuses on leveraging supply chain finance for MSMEs, expanding in the financial sector, and continually advancing in the fintech industry.