Empowering India's Emerging Middle Class: InPrime Finserv Secures $1.45 Million in Seed Funding Round

InPrime Finserv is thrilled to announce that it has successfully raised ₹1,450,000, a significant milestone that will propel our mission to uplift India’s emerging middle class through Priority Sector Lending (PSL). As a lender focused on the “Prime” segment of India’s informal economy, we cater to approximately 50 million households that require an annual credit of ₹5 Lakh Crores. Our target demographic is characterized by a robust growth mindset and a gradual transition toward a cashless and technology-driven financial ecosystem. This funding will enable us to further tailor our financial services to meet the dynamic needs of these households by enhancing our product offerings and improving our operations. At InPrime Finserv, we believe in a hybrid lending approach that fuses traditional methods with modern technology-led practices. This strategy is foundational to our commitment to deliver not only superior financial products but also valuable non-financial service elements that strengthen customer engagement and enhance risk management. With the newly raised capital, we can expand our lender-client interaction model that leverages comprehensive field assessments and analysis of digital footprints to assess creditworthiness effectively. This ensures a customer-centric approach characterized by seamless onboarding and swift processing times. Additionally, a portion of the funding will be allocated toward expanding our gamified financial and digital literacy programs, promoting self-service, and empowering our customers on their financial journeys. As a proud brand of STK Credit Private Limited, headquartered in Bangalore, InPrime Finserv is ready and excited to elevate our services, driving financial inclusion for millions across the nation.