[Funding alert] Fintech startup 4Fin raises pre-seed round of $1.1M
Summary
The investment is raised through Curesense Therapeutics, which is run by the investors behind the biotech company, Mylab Discovery Solutions. Commenting on the investment, Sujit Jain, Founder, Curesense Therapeutics, said, 4Fin said it will use the investment to enhance its product development to make finance more accessible in Bharat, offer personalised loan products and support its customers with its model of ‘4Fin Mitras’, designed to act as social-driven customer care. Founded by Amit Tewary and Ajit Sinha, the ex-bankers having a deep understanding of retail lending, the startup aims to provide personalised and faster credit access to millions of people of Bharat without undergoing the hassles of complex paperwork. The startup focuses on facilitating small loans to support expenses for health, education, and electric two-wheelers, among other basic necessities. Before founding 4Fin, Amit was the COO of LoanTap Financial Technologies and Ajit was working as an entrepreneur, investor, and business consultant.