Finsall Resources Pvt. Ltd.
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Finsall Resources Pvt. Ltd. - overview
Established
2018
Location
Bangalore, -, India
Primary Industry
Financial Services
About
Founded in 2018 by Prabal Khanna, Promod Khanna (COO), and Tim Mathews (CEO), and based in Bangalore, India, Finsall Resources Pvt. Ltd. , doing business as Finsall operates as a provider of insurance technology and flexible payment options for insurance payers that helps individuals, households, and enterprises. In June 2024, Finsall Resources Pvt.
Ltd. raised INR 150 million in venture funding co-led by Unicorn India Ventures and Salamander Advisors, with participation from other investors. Finsall facilitates financing insurance premiums through a fully digital process, allowing customers to pay for insurance in monthly installments without requiring additional collateral. The platform supports a range of general insurance types, including motor, health, fire, homeowners, and group mediclaim.
The process is streamlined through an API integration, benefiting insurers and intermediaries. Customers can complete the financing application online, with minimal documentation and real-time identity verification. The company intends to use the June 2024 funding to support its lending operations.
Current Investors
Unicorn India Ventures, Salamander Advisors, Dawn Resources LLP
Primary Industry
Financial Services
Sub Industries
Consumer Finance, e-Financial
Website
www.finsall.com
Verticals
FinTech, InsureTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
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