50Fin gets funding from 100X.VC, other investors

Mumbai FinTech startup 50Fin has raised $525,000 (Rs4.25 crore) in a funding round led by 100X.VC and other investors, according to a statement. The round was led by 100X.VC, Keynote Capital and Arun Venkatachalam. Other investors included Dinesh Agarwal, Founder of IndiaMart; KRS Jamwal and Aniket Nikumb, Founding members of Mensa Brands; Manish Kumar, Founder of KredX; Sumit Khadria, CFO at Ebix; and Rajesh Sawhney, Founder of GSF Accelerator, among others. With the funding, the company aims to enhance its embedded solutions and improve the product portfolio and customer service. 50Fin was co-founded in 2022 by Aditya Srinivas Prasad and Darpan Samir Tanna and offers instant loans against mutual funds and shares.