Vision/Mission:
FINANCEPEER will increase the cash flow liquidity in the economy and in turn reduce the existing economic disparity. This will let everyone grow together! Getting loans is a lengthy, manual and highly time consuming process. Many traditional banks do not have the capability to analyze a customer’s personal and social data, leading to high loan rejection. FINANCEPEER makes getting loans simple.
What is does:
It is a platform which connects a plethora of borrowers to lenders with completely digital KYC and hassle free application process. Our Artificial intelligence based technology (13,000+ data points other than CIBIL and credit data) provides a capable rating to each borrower. This evaluation of borrowers allows lenders to invest their funds efficiently and earn back in EMIs. Through FINANCEPEER borrowers receive loans at very less on-boardingcost and low interest rates with no bidding permitted.
FINANCEPEER will increase the cash flow liquidity in the economy and in turn reduce the existing economic disparity. This will let everyone grow together! Getting loans is a lengthy, manual and highly time consuming process. Many traditional banks do not have the capability to analyze a customer’s personal and social data, leading to high loan rejection. FINANCEPEER makes getting loans simple.
What is does:
It is a platform which connects a plethora of borrowers to lenders with completely digital KYC and hassle free application process. Our Artificial intelligence based technology (13,000+ data points other than CIBIL and credit data) provides a capable rating to each borrower. This evaluation of borrowers allows lenders to invest their funds efficiently and earn back in EMIs. Through FINANCEPEER borrowers receive loans at very less on-boardingcost and low interest rates with no bidding permitted.
Location: India, Maharashtra, Mumbai
Employees: 201-500
Total raised: $35M
Founded date: 2017
Investors 6
| Date | Name | Website |
| 09.02.2024 | Ardent Ven... | ardent.vc/ |
| - | 32926f4e-4... | mabsindia.... |
| - | QED Invest... | qedinvesto... |
| 23.01.2023 | JITO Angel... | jitojiif.c... |
| - | DMI AIF Sp... | dmisparkle... |
| - | Aavishkaar... | aavishkaar... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 28.04.2022 | Series B | $35M | QED Invest... |
Mentions in press and media 18
| Date | Title | Description |
| 30.07.2024 | Leap Finance in discussions to raise $100 M, to be valued at over $1 Bn | Two sources aware of the development claim that Leap Finance, a fintech platform for Indian students seeking higher education abroad, is in discussions to raise between $70 and $100 million in a new funding round. After its Series D round l... |
| 20.05.2024 | Lending platform Propelld raised $25 M Debt funding for NBFC arm Edgro | The lending platform Propelld, which focuses on education, has raised $25 million in debt financing for Edgro, its fully-owned NBFC subsidiary. Nine lenders, including Credit Saison India Private Limited, AU Small Finance Bank, InCred Finan... |
| 28.04.2022 | India-based Edu-Fintech startup Financepeer raises US $31 million in Series B | Financepeer, an Indian edu-fintech business, raised US $31 million in a Series B on 20th April 2022. The fundraising round was headed by QED Investors and Aavishkaar Capital, both of which are based in Mumbai. |
| 25.04.2022 | Indian fintech Financepeer raises $31m in Series B round | Mumbai-based fintech Financepeer has raised $31 million in a Series B funding round. Financepeer lands $31 million Series B round The round was led by US venture capital firm QED Investors and Mumbai-based Aavishkaar Capital. Other investor... |
| 20.04.2022 | Financepeer bags $31 million in funding from QED, Aavishkaar Capital | ETtechFinancepeer cofounders (from left) Sunit Gajbhiye, Rohit Gajbhiye, Debi Prasad Baral, Naveesh Reddy Mumbai: Financepeer, an education focussed fintech startup, has raised $31 million in its Series B funding round, led by QED Investors... |
| 20.04.2022 | India: Fintech startup Financepeer raises $31m led by QED, Aavishkaar Capital | Edu-fintech startup Financepeer Wednesday announced that it has raised $31 million in its Series B funding round led by US-based venture capital firm QED Investors and Mumbai-based Aavishkaar Capital. |
| 20.04.2022 | Financepeer raises $31 million in Series B funding from QED Investors, Aavishkaar Capital | Representative image Edu-fintech startup, Financepeer, on April 20 announced that it has raised $31 million in Series B funding round led by US VC QED Investors and Mumbai-based Aavishkaar Capital. The company plans to utilize the funds to ... |
| 20.04.2022 | Financepeer raises $31 mn in funding led by QED Investors, Aavishkaar | Edu-fintech startup Financepeer has mopped up USD 31 million (about Rs 235 crore) in Series-B funding led by US-based venture capital fund QED Investors, domestic investor Aavishkaar Capital and Ardent Ventures. This is the second funding f... |
| 20.04.2022 | 🇮🇳 Roundup: Gupshup acquires conversational AI firm | NewsStartups Kul Bhushan · 20 Apr 2022 · 2 min read🇮🇳 Roundup: Gupshup acquires conversational AI firm Startups in India including VideoVerse, Financepeer, Loop, Everstage, Rigi Club, and Pescafresh have raised at least US$127.8 million in ... |
| 18.04.2022 | Exclusive: Edtech Startup Financepeer To Raise $35 Mn In Funding Led By QED Investors | Mumbai-based edtech startup Financepeer is raising around $35 Mn in a Series B round of funding. The fresh round will be led by new investor QED Investors, in participation with Atlanta US and Avishkar Capital. “The startup is in talks to r... |
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