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With the funds raised, the company plans to expand and strengthen its presence in tier I cities and venture into tier II cities across India.
Bengaluru based Insuretech startup Finsall has raised Rs 2.4 crore in seed round from Unicorn India Ventures. The round also saw participation from SEA Fund, Karthik Sridhar (CEO, SupplyAI) and Tirumala Gudla (Former 3M, Tech M). Finsall platform is currently operational in the major metros across India. With the funds raised, the company plans to expand and strengthen its presence in tier I cities and venture into tier II cities across India where they see a market and demand for their services.
Tim Mathews, Co-founder & CEO, Finsall, said, “Our vision behind Finsall was to ensure that under-insured and un-insured customers get access to funds for buying insurance. This vision was deep rooted because of the ground realities that we encountered across the length and breadth of India, during the prelaunch surveys and road shows conducted by us. We have witnessed a significant rise in the number of people who take insurance from our insurance partners because of the financial support they get from our lending partners. We continue to engage synergistically with our partners to ensure that we are able to find win-win solutions.”
Finsall, an insurtech startup incorporated in 2018 by Promod Khanna, Tim Mathews, and Prabal Khanna provides 360-degree support and service of insurance premium financing to Indian customers and aims to make insurance accessible and affordable to individuals, households and enterprises.
