LegaLogic advises Finfactor Technologies in raising investment of USD 15 million in its Series.
We are pleased to announce that LegaLogic advised Finfactor Technologies Private Limited (“FinFactor”) in raising investment of USD 15 million in its Series A funding round from WestBridge Capital, along with participation from existing investors Varanium Capital, DMI Sparkle Fund and IIFL Fintech Fund.
Founded in 2019 by Manoj Alandkar and Munish Bhatia, FinFactor operates as a B2B fintech infrastructure provider, offering data aggregation, analytics and AI-based tools used across lending, insurance and wealth management. The company’s product suite includes a multi-AA gateway, bank-statement analysis, loan monitoring and collections tools.
Read more at:
- Business Standard- Finfactor raises $15 million in Series A, led by WestBridge Capital
- Economic Times – Account aggregator Finvu secures $15 million from WestBridge Capital
LegaLogic (www.legalogic.com) was the sole legal counsel for FinFactor and its promoters and advised on structuring, drafting, reviewing, negotiation and finalisation of transaction documents and closing of the transaction.
Commenting on LegaLogic’s role, Munish Bhatia, Director of FinFactor said “A big thank-you to the LegaLogic team for their patience and persistent support for this transaction. This was a complex transaction that involved multiple phases and entities, LegaLogic helped us manoeuvre through this for a positive outcome”
Jay Shah and Komal Singh worked on the deal documentation alongwith Vikas Agarwal. Ranu Bafna and Alka Raheja worked on closing of the transaction.
