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# India's neobank startup StashFin raises $270 million to fund expansion
- URL: https://www.techloy.com/indias-neobank-startup-stashfin-raises-270-million-to-fund-expansion/
- Published: 2022-06-21T12:28:33.000Z
- Updated: 2022-12-08T01:42:43.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in India

[StashFin,](https://www.stashfin.com/) an India-based neo-banking platform has raised $270 million in its new funding round to support its expansion plans. 

- The fund will be used to improve its stack of technologies and support its expansion in South Asia and Southeast Asia, the firm claims.
- Founded in 2016, StashFin offers credit lines through a Visa Card to middle-class Indians, alongside loan provisions.
- It 10xed its monthly growth in the past 12 months with an annualized revenue run rate of around $100 million.
- Uncorrelated Ventures and Fasanara Capital led the round, with participation from Abstract Ventures, Altara Ventures, Krevis Investment Partners, and Snow Leopard.