FINAYO secures undisclosed pre-seed funding from India Accelerator, other leading Angel Investors

April 5: FINAYO, the industry-leading platform which aims to streamline the EV financing space leveraging cutting-edge technology has bagged a pre-seed round for an undisclosed amount from India Accelerator under its Finseed program.

India Accelerator nurtures revolutionary startups with strategic mentorship and connections and offers a growth-oriented ecosystem that caters to end to end requirements of young companies.

The latest Finseed program by India Accelerator is tailored to empower startups in the Fintech segment with dedicated mentorship, technology and financial support.

”FINAYO has developed a tech solution that will bridge the gap between retailers and financial institutions by drastically reducing the time taken for approval of the loan. The facility to provide loan approval 24×7 will be a game-changer in the industry,” said Munish Bhatia, Co-founder India Accelerator.

”The latest investment in Finayo by the India Accelerator Finseed program is one step forward towards enabling the fintech startup ecosystem in offering disruptive solutions for different industry verticals,” said Mona Singh, Co-founder India Accelerator.

Sharing his delight for the pre-seed funding round, Mr Brajendra Singh Tomar, Founder and CEO of FINAYO, said,” We are honoured to be a part of the India Accelerator’s Finseed program. This will not only enable us to make our platform more robust but will also facilitate a comprehensive understanding of the EV lending space.

”FINAYO aims to bring a range of OEMs and NBFCs on a single platform to enable potential EV buyers in accessing compelling loans for their preferred EV models seamlessly. Our trendsetting Fi-Men solution which enables a consumer to avail of a host of loan offers with just the scan of a QR code is a game-changer in this regard,” added Tomar.

FINAYO leverages the cutting-edge Asset Business Rule Engine and Lender Business Rule Engine to enable OEMs and financial institutions in assessing the spending pattern of a consumer in real-time for a customised loan offer.

About India Accelerator

India Accelerator furnishes early age startups with knowledge, technology and connections to help them move beyond the early stage of growth. The program helps in distinguishing business opportunities for startups and builds a substantial foundation to accomplish those opportunities.


Leave a Reply

Your email address will not be published.


BLS International signs contract to process German visas in North America & Mexico

New Delhi, 25th May ‘22 – BSE, NSE and MSE listed (BSE: 540073; NSE: BLS; MSE: BLS), BLS International, a trusted global tech-enabled services partner for governments and citizens, announced today that it has signed a 7-year contract to process short-term and long-term visas for Germany in North America and Mexico regions. BLS will be […]

Read More

HNZ Lifesciences Launches its New Brand AMIO WELLNESS

Karan Arora, Founder & MD – HNZ Lifesciences New Delhi (India), May 25: HNZ Lifesciences, one of the leading health and wellness companies today announced the launch of its new brand AMIO WELLNESS, a brand that believes in taking a holistic approach towards one’s well-being. The brand products are also available on e-commerce platforms such […]

Read More

Instashield Received The Most Innovative Corona Protection Device GEA 2022 Award

LtoR-Hitesh M Patel, Promoter & Director, Instashield, Actor Anupam Kher & C.S. Jadhav, CEO, Instashield. The Award was received from renowned Bollywood Actor Anupam Kher Noida (India), May 25: Instashield, a breakthrough innovative Medical Device, was recently honoured with the “Most Innovative Corona Protection Device GEA 2022 Award” from the veteran Bollywood actor Anupam Kher. Instantshield […]

Read More