Funding
FinReach raises Rs 22 crore from Colossa Ventures, others
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Credit guarantee facilitation platform FinReach Solutions has raised Rs 21.9 crore in fresh funding, led by venture capital firm Colossa Ventures.
The round also saw participation from existing backers, including the Michael & Susan Dell Foundation, Omidyar Network Fund Inc, and Caspian SME Impact Fund IV.
With this round, the company has so far raised a total of Rs 54.4 crore.
Founded in 2020, the company works with guarantors and lending institutions to mitigate credit risk, enabling financing for micro and small businesses that often struggle to…
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