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Fintech start-up FinAGG raises $3mn in funding to expand business

Company seeks to gain from increasing global supply chain financing volumes

FinAGG
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FinAGG

BS Reporter Mumbai
FinAGG Technologies, which offers cash-flow based supply chain finance, has raised $3 million in a funding round led by venture capital company BLinC Invest.

Existing investor Prime Venture Partners also participated in the Pre-Series A round. The company will use the capital to expand business, launch new products, augment partnerships, and invest in technology.

“We are very excited to find a fund that understands our space so well and we are geared to set out on the next chapter of our journey with BLinC Invest," said Nipun Kohli, co-founder and CEO of FinAGG.

“FinAGG team have a strong pedigree and