Finayo is an embedded lending technology and asset-management SaaS focused on green mobility, founded in 2020 by Brajendra Singh Tomar and Yogesh Prakash. The platform lets lenders interact with customers of electric-vehicle retailers to enable faster credit decisions, allowing OEMs and retailers to deliver financing in minutes. The company says it will use the new funding to support technology development and to increase the platform’s reach throughout India. Prior to FY23 Finayo was in a pre-revenue stage; in FY23 the company doubled its operating revenue to Rs 5.5 lakh. According to RoC-filed financials, losses rose from Rs 6.59 lakh in FY22 to Rs 41.78 lakh in FY23. The article positions Finayo as targeting partnerships across the EV financing ecosystem to scale lender access and merchant integration.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2023