IIFL Fintech Fund partially exits FinBox, achieving 5x returns on initial tranche

IIFL Fintech Fund, an early-stage fintech focused fund, has announced a partial exit from its investment in FinBox, a credit infrastructure and embedded finance platform. 

The fund has delivered 5x Multiple on Invested Capital (MOIC) on the initial tranche.

Since its investment, IIFL Fintech Fund has actively supported FinBox in scaling its technology and expanding its partnerships across banks, NBFCs, and fintech companies. The company has emerged as a key enabler of digital credit infrastructure, powering embedded finance solutions for leading…