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Finsall

Finsall is providing service of Insurance Premium Financing to Indian customers.
Financial Services,  Insurance  
Basic Information
Bengaluru based Finsall’s objective is to make insurance accessible to individuals, households and enterprises in India. They believe One of the reasons for low levels of insurance outreach is customers' inability to pay full insurance premium upfront. As a result, people and enterprises suffer huge financial losses arising out of mis-happenings most of which are insurable. With a view to encourage purchase of insurance policies by those who cannot pay insurance premiums upfront and require instalment facility, they have tied up with banks which provide loans to such customers. On the other hand, they have partnered insurance companies in order to make financing of insurance premium a seamless experience for customers. In order to reach out to the customers across the country, they have institutions and individuals as their channel partners. Currently financing of insurance premium is carried through their Business Associates using a B2B mobile app. Shortly, customers shall be able to apply and transact online through our portal and B2C mobile app. We are not a bank or a NBFC or an insurance intermediary.
Legal Name
:
Finsall Resources Pvt. Ltd.
Headquarters
:
Bangalore, Karnataka, India
Founding Date
:
2018
No. of Employees
:
11 to 20
Core Team
:
1.  
Promod Khanna
Co-Founder & Director
2.  
Tim Mathews
Co-Founder & CEO
3.  
Prabal Khanna
Co-Founder & COO
Funding

Total Funding

$2.0M

Investors
:
1.  
SEA Fund
2.  
Unicorn India Ventures
Detail Round Breakdown
Round 1

$1.61M

Series Name
:
SEED
Date
:
19th Jan 2022
Investors
:
1.  
Unicorn India Ventures
2.  
SEA Fund
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