FinTech Startup 50Fin Raises 550K USD for Innovative Securities Lending Platform


Three points you will get to know in this article:

  • 50Fin secured 550,000 in funding.
  • CEO emphasized growth in distribution capacity and launch of B2B branch
  • 50Fin offers fast loans backed by mutual funds and shares.

Introduction to 50Fin

50Fin is a secured lending platform that aims to democratize and digitize capital markets lending for Indian investors. Its mission is to make borrowing more accessible, inclusive, and affordable. The primary offering is Loans Against Securities (LAS), which allows investors to use their investments such as mutual funds, stocks, ULIPs, and bonds as collateral without liquidating them. This enables investors to unlock liquidity while retaining ownership of their assets, providing flexibility and control.

Funding Rounds and Key Investors

50Fin, a fintech startup hailing from Bengaluru, is stirring up the lending against securities (LAS) scene. Recently, they secured a solid $550,000 in their latest funding round. Arali Ventures and Nitin Gupta took the lead in this investment drive.

This financial boost is set to turbocharge 50Fin’s expansion plans. They’re gearing up to widen their distribution network and beef up their infrastructure offerings to Non-Banking Financial Companies (NBFCs).

Before this significant milestone, 50Fin had already clinched $500,000 in a pre-seed funding round back in 2023. The backing came from 100X.VC, along with support from Arun Venkatachalam and Keynote Fincorp.

Company Growth and Innovation

Aditya Srinivas Prasad, the CEO and co-founder of 50Fin, stressed the company’s growth and commitment to innovating in the LAS field, saying, “In the past year alone, our distribution capacity has skyrocketed by 6 times, and our products are now bringing value to investors of all kinds.”

“We’ve also introduced our B2B branch, enabling banks and NBFCs to modernize LAS services for their clients, while streamlining the entire process. Our aim remains steadfast: to be the top-notch LAS provider in the market, offering a comprehensive solution. We’re well on our way to profitability within the next 12-16 months,” Parad affirmed.

Establishment and Mission of 50Fin

Established in 2022 by Aditya Srinivas Prasad and Darpan Tanna, 50Fin is dedicated to revolutionizing secured credit with its innovative technology.

The company simplifies lending, providing rapid loans backed by mutual funds and shares, all achieved through a smooth, 7-minute approval process. By eliminating the hassle of paperwork and credit checks, the platform becomes a reliable choice for individuals and NBFCs alike.

Specifically, 50Fin offers essential technology foundations for NBFCs, enabling them to improve their LAS services and foster both expansion and effectiveness.

Furthermore, the startup proudly announces its strong collaborations with major industry players such as Fi Money, Bajaj Capital, Jio Financial Services, and IIFL, delivering LAS solutions to a wide range of clients.

Investor Perspectives

Arun Raghavan, Managing Partner at Arali Ventures, expressed his joy, stating, “We’re thrilled to team up with 50Fin on their quest to establish the tech infrastructure for lending against securities and mutual funds. While mutual fund ownership has grown substantially in India recently, accessing its potential remains limited to a select few affluent individuals. We see this as a vast untapped market, and we believe 50Fin is poised to democratize access to this opportunity for millions of mutual fund investors in India.”

Ninad Karpe, Founder and Partner at 100X.VC, chimed in, “Being the initial institutional investors in 50Fin, we’re excited about their recent $550K funding round to accelerate their journey. With their unique offerings tailored for the Indian market, we have full confidence that 50Fin will emerge as a leader in this sector in India.”

50Fin, a Bengaluru-based fintech startup, recently secured 550,000 in funding, building on a previously successsful 500,000 pre-seed funding round. The company’s CEO emphasized their exponential distribution capacity growth and the launch of a B2B branch. Established in 2022, 50Fin offers rapid, hassle-free loans backed by mutual funds and shares, while also collaborating with major industry players. These developments have garnered strong investor support, with Arali Ventures and Nitin Gupta leading the latest funding round. Such solid backing reflects high confidence in 50Fin’s potential to revolutionize the lending against securities sector and emerge as a leader in India.

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