India-based FinTech FinBox scores funding ahead of Southeast Asia expansion

India-based FinTech platform FinBox has reportedly collected $15m in its Series A, as it gears up for expansion across Southeast Asia.

A91 Partners served as the lead investor, with commitments also coming from Aditya Birla Ventures, Flipkart Ventures and Arali Ventures, according to a report from TechinAsia.

This capital injection will help FinBox expand into Vietnam, Indonesia and the Philippines. It also hopes to open an office in Mumbai and Hyderabad, adding to its current offices in Gurgaon and Bangalore.

FinBox hopes to double its team of 85 by the end of the year.

The FinTech company claims to be the toolbox that outsmarts the market.

Users can find investments with the biggest upside through the stock screener tool that supports over 1,000 metrics. The user can then pick the best ideas from investment themes and portfolios of prominent investors and hedge funds.

Additionally, users can track stocks through intelligent watchlists and customisable views that show specific metrics.

With the close of the round, the company has raised a total of $60m in funding.

India has seen a number of FinTech companies raise funding this month. Siply, which offers a micro-savings app for underserved people in India, bagged $19m, and employee benefits platform Pazcare scored $8m in funding.

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