What is Indifi?
Indifi operates as a sophisticated technology platform designed to aggregate and analyze business data from diverse sources. This analysis yields critical insights into a company's creditworthiness, historical performance, and current standing relative to its industry. Founded in 2015 and headquartered in India, Indifi plays a crucial role in the financial ecosystem by providing data-driven assessments that facilitate lending and investment decisions. The company's ability to draw nuanced insights positions it as a key player in enhancing financial inclusion and efficiency for businesses.
How much funding has Indifi raised?
Indifi has raised a total of $116.4M across 5 funding rounds:
Series B
$10M
Series C
$21M
Debt
$4.8M
Series D
$45.6M
Series E
$35M
Series B (2016): $10M with participation from Omidyar Network, Elevar Equity, and Accel Partners
Series C (2019): $21M led by Flourish VC, Omidyar Network, Accel, Elevar Equity, and CDC Group
Debt (2021): $4.8M supported by IndusInd Bank
Series D (2021): $45.6M featuring OP Financial Group, Flourish, CX Partners, and Elevar Equity
Series E (2023): $35M backed by British International Investment, Omidyar Network, and ICICI Bank
Key Investors in Indifi
British International Investment
British International Investment is the development finance institution of the UK government, investing in businesses across Africa and South Asia to support growth and create jobs.
Omidyar Network
Omidyar Network is a philanthropy focused on shaping the digital revolution to promote shared power, prosperity, and possibility, engaging with innovators to influence culture, governance, business, and technology.
Elevar Equity
Elevar Equity provides early growth capital to entrepreneurs focused on inclusivity, affordability, and scalability, aiming to enhance the economic resilience of underserved customers and low-income communities.
What's next for Indifi?
With its latest major strategic investment, Indifi is poised for accelerated growth and further development of its data analytics capabilities. The substantial enterprise-level funding suggests a focus on scaling operations, expanding market reach, and potentially exploring new technological advancements in credit assessment. This capital infusion will likely enable Indifi to enhance its platform's predictive power, onboard more businesses, and solidify its position as a leader in the fintech sector. The company's strategic direction points towards continued innovation in leveraging data for informed financial decision-making, aiming to support a broader spectrum of businesses.
See full Indifi company page
