City-based fintech NBFC Indium Finance has raised Rs 4.5 crore from the Indian Angels Network (IAN) to acquire new customers, build a product platform and expand sales and technical teams. Indium Finance said the round was led by IAN lead investors Sanjay Rishi, Raman Roy and Manipal Group.
The platform said it works with several corporate and B2B e-commerce partners, giving it access to more than 25,000 distributors, resellers and retailers. After nearly four years as a self-reliant company, it plans to use the investment to double traffic and work with new corporate and e-commerce partners over the next six months.
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