Finsall raises Rs 12 crore in Pre-series A Funding Round

Insurance focused fintech platform, Finsall has raised Rs 12 crore in its pre-series A round from its existing investors Unicorn India Ventures and SEA fund. 

The company plans to use the raised funds to scale up its technology platform and sign new insurance partners with an aim to increase its market share in the Indian insurance premium financing market. It is also looking forward to entering partnerships with top banks and NBFCs.

Finsall is an end-to-end technology process for insurance premium financing. The company works as a multi-lender platform for banks and NBFCs for sustainable lending.

Finsall opened up financing for other insurance premiums along with catering to retail customers in motor and health insurance. Now, it has expanded to address the need for premium financing in the MSME sectors.

It aims to be the market leader in the General Insurance Industry and provide insurance premium financing as a preferred option for the under-insured and un0insured population of India.