What is Avail Finance?
Avail Finance operates as a mobile-first financial services platform specifically engineered to address the needs of the underbanked urban population in India. By leveraging proprietary technology to assess creditworthiness, the company provides seamless access to personal loans, effectively democratizing financial services for a demographic often overlooked by traditional banking institutions. Its market position is defined by a commitment to digital-first accessibility, ensuring that users can secure essential credit anytime and anywhere. As the company scales, it continues to refine its algorithmic lending models to mitigate risk while expanding its footprint across the competitive Indian fintech landscape.
How much funding has Avail Finance raised?
Avail Finance has raised a total of $23.8M across 3 funding rounds:
Series A
$9M
Series B
$11.5M
Debt
$3.3M
Series A (2019): $9M with participation from Matrix Partners India Advisors
Series B (2020): $11.5M led by Matrix Partners and Alphawave Incubation Fund
Debt (2021): $3.3M supported by Alteria Capital
Key Investors in Avail Finance
Alteria Capital
Alteria Capital is India's leading venture debt fund, dedicated to supporting innovative startups backed by top-tier VC sponsors. The firm provides customized financial solutions that fuel growth, empower entrepreneurs to scale, and help preserve founder ownership.
Matrix Partners
Headquartered in Chicago, Matrix Partners is an award-winning firm that specializes in pet product strategy, advertising and public relations, bringing a unique perspective to consumer-facing brand development.
Alphawave Incubation Fund
An institutional investment vehicle focused on identifying and nurturing high-growth potential startups within the emerging technology and financial services sectors.
What's next for Avail Finance?
With the recent $3.3M secured, Avail Finance is well-positioned to accelerate its product development roadmap and expand its reach within the urban workforce. The strategic focus will likely shift toward enhancing the user experience through advanced data analytics and potentially diversifying its credit product suite to include more comprehensive financial wellness tools. By maintaining a robust balance sheet, the company is prepared to navigate the complexities of the Indian regulatory environment while scaling its operations to meet the growing demand for accessible, transparent, and efficient digital lending solutions. The integration of venture debt into its capital stack suggests a mature approach to growth, prioritizing the preservation of equity while fueling rapid expansion.
See full Avail Finance company page
