India's neobank startup StashFin raises $270 million to fund expansion

Oluwajuwonlo Afolabi -

StashFin, 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.