Infinity, a Bengaluru-based neo-banking startup focused on empowering small and medium-sized enterprises (MSMEs), has successfully raised $1.9 million in a pre-seed funding round.
The round saw participation from notable institutional investors, including Y-Combinator, Liquid 2 Ventures, and Script Capital, along with several prominent angel investors. This significant funding boost will allow nfinity to expand its product offerings, build strategic partnerships, and secure new licenses to further enhance its services.
Founded by siblings Sourav and Sidharth Choraria, Infinity aims to address the challenges faced by Indian MSMEs in managing cross-border transactions. With a focus on simplifying international payments, nfinity plans to streamline the complex and often costly process of transferring money across borders for Indian businesses.
The startup’s core mission is to provide a tailored solution for MSMEs that need to engage in international business. Cross-border payments can often be cumbersome, involving multiple intermediaries and high fees. By offering a more efficient and cost-effective alternative, Infinity is working to help small businesses save time and money while managing their global transactions.
Infinity’s platform is designed to be easy to use and highly adaptable, making it ideal for the diverse needs of MSMEs. The company plans to use the newly raised capital to further develop its product, expand its team, and establish valuable partnerships with service providers that will enhance its offerings. Additionally, nfinity aims to acquire the necessary licenses from regulatory bodies to ensure its operations are compliant and secure.
With its initial funding in place, nfinity is set to make major strides in expanding its product offerings and increasing its market presence. The company is focused on scaling its platform to cater to the growing demand for seamless and efficient cross-border payment solutions among MSMEs in India.
In addition to expanding its product range, nfinity plans to forge strategic partnerships with key service providers. These collaborations will allow the platform to offer even more value to businesses by integrating additional services and streamlining the payments ecosystem.
Sourav and Sidharth Choraria, who co-founded Infinity, bring valuable experience and a strong understanding of the challenges facing Indian MSMEs. Their vision for nfinity is to create a solution that directly addresses these pain points and helps businesses thrive in an increasingly globalized economy.
Sourav, with his experience in the fintech industry, and Sidharth, who has worked extensively in business operations, are well-positioned to lead nfinity as it expands. By focusing on the unique needs of Indian MSMEs, the duo aims to make cross-border transactions simpler, faster, and more affordable for businesses of all sizes.
As Infinity continues to evolve, it plans to focus on growing its user base and building trust with Indian MSMEs. The company is committed to providing innovative solutions that solve real-world challenges for businesses, making it easier for them to engage in global commerce without the usual barriers.
With the support of investors like Y-Combinator and Liquid 2 Ventures, Infinity is on track to reshape the landscape of cross-border payments for Indian MSMEs, offering a more accessible and efficient way for businesses to manage their international transactions.
In conclusion, Infinity’s recent funding round marks an exciting milestone for the company, positioning it to transform the way MSMEs in India handle cross-border payments. With its innovative approach, experienced leadership, and strong investor backing, nfinity is poised for rapid growth and success in the evolving fintech space.