Increasing smartphone penetration and a large unbanked population, along with strong government-backed initiatives such as India Stack and Jan-Dhan Yogna, has positioned Fintech for a rapid growth in India. From $31bn in 2020, the market size of Fintech is expected to grow to ~$70bn by 2025. This presents a large-set of opportunities across Insurtech, Alternative Lending, Banking Infrastructure, Cross-border trade etc.
Investment Thesis
- Payment tech solutions utilizing India Stack to improve access to digital payments across Tier 2+ cities.
- Banking & Infrastructure solutions improving credit underwriting, insurance distribution & payment solutions.
- Insurance tech opportunities across the entire value chain improving access to insurance & user experience.
- Alternative wealth management platforms catering to different income groups with innovative products.
- Web 3 solutions utilizing technology to improve access to financial products & user interaction.
The Disruptors We Support
Jar is helping users in investing digital gold and rediscover the cumulative advantages of savings.
Invested in 2021
Founders
Nishchay AG and Misbah Ashraf
Other Investors
Tiger Global, Rocketship.vc, Stonks, Arkam Ventures and Force Ventures
Reason of Investment
Spearheaded by experienced executioners, Misbah and Nischay, Jar is empowering over 300 million+ millennials and GenZ by inculcating savings and investment behaviour in them.
iTribe is creating a trusted social network of trading professionals, teachers, and peers to encourage financial independence.
Invested in 2021
Founders
Nikhil M. and Pruthvi Raj E
Other Investors
Incisive Ventures and Plan-B Capital
Reason of Investment
After successful stints at the likes of Rapido, Freecharge and Blackbuck, the team was on a mission to make India financially literate by allowing them to make sound financial decisions and connect like minded people.
Fego.ai is an open-finance platform for companies to access financial information of users to personalize their experience.
Invested in 2021
Founders
Kumar Srivatsan and Kumar Srikanthan
Other Investors
Speciale Invest, Saison Capital, First Cheque, 3one4 Capital, and more
Reason of Investment
Thought leaders in fintech are determined to build on top of the Account Aggregator framework to empower users to utilise their data to access curated financial products across lending, collections, wealth etc.
Flux enables seamless consent based data sharing between FIPs and FIUs enabling aggregated data to be utilised by FIUs to have personalised offerings.
Invested in 2021
Founders
Nikhil K, Dheeraj, Aakash, Pradip and Shrirang
Other Investors
IIFL Fintech Fund, Infoedge Redstart Labs
Reason of Investment
Deep technical skills and solid product knowledge was instrumental in ensuring that novel technologies such as Health Stack and Account Aggregators get adopted, which no one could have offered better than this founding team.
Fleek makes it easier to discover, manage & split subscription payments with a single click.
Invested in 2022
Founders
Aditya Uttaravalli and Arvind Eashwar
Other Investors
RTP Global, Axilor
Reason of Investment
As penetration of subscriptions increase in India along with increasing regulations on recurring payments, a seamless solution for users to discover and manage their solutions was a necessity. Aditya and team recognized this early on to solve for this growing and deep pain point.
Skydo is a cross-border payments platform, focusing on MSMEs to reduce the cross border transaction time and the cost of transactions.
Invested in 2022
Founders
Kumar Srivatsan, Movin Jain
Other Investors
Elevation Capital, Better Capital
Reason of Investment
Started by fintech veterans, Srivatsan and Movin, Skydo is revolutionising the journey for million exporters in India powering over $100 billion worth of exports, via seamless payment and other financial products.
Descrypt aims to be a platform to simplify, educate, nudge and reward management of DeFi assets. Currently its aim to be is a risk disclosure platform where it shall onboard individuals and help them understand their crypto portfolio and the risk associated with it.
Invested in 2022
Founders
Abhishek Uppala, Arun Jadhav and Raghuram Trikutam
Other Investors
Kunal Shah, Nischal Shetty and Aniket Jindal
Reason of Investment
Descrypt has a strong team of experienced and well-connected tech professionals with a track record of building tech platforms for well-known companies, Additionally they are entering a new and growing market which has presented phenomenal momentum and presents a high potential for growth.
The company is into Business insurance distribution business. Wherein it would sell Business Liabilities, Property & Casualty and Employee Benefits insurance to the startups and MSMEs.
Invested in 2022
Founders
Tejas Jain
Other Investors
Arali Ventures, Blume Ventures and Waterbridge Ventures
Reason of Investment
Both of the founders have in-depth understanding of the product and are adept at navigating the market. Additionally, they are concentrating on other insurance industries, which are typically given little priority in India, in contrast to other insurance providers.
Aspire inculcates a credit habit and builds credit histories to provide informally employed and self-employed customers a fair and transparent path on their formal financial services journey.
Invested in 2022
Founders
Tushar Garimalla and Manoj Rathi
Other Investors
Capital a, Upsparks and Picus Capital
Reason of Investment
Both the founders are domain experts and have first-hand experience in building and scaling similar products with large corporations; currently, the UPI made up 60% of overall retail digital payments in India in FY22 and is expected to grow by 7x in the next 5 years. Being the first movers in this space will give them an exponential opportunity to grow.
What They Say About Us
Eximius has been a great partner for us from Day 0 of Skydo. Right from the investment process where they were fully transparent and helped us in shaping our ideas and plans, to early days of setting up the company and team where they've been proactively helping us with relevant connections and hiring.
Movin Jain
Co-Founder
Skydo
As a Founder, I have had great experience with Eximius team. Apart from the capital, we got access to the network and connects which is super helpful for a growing startup. Pearl is just a call away when we need her.
Parth Chadha
Co-Founder
Stan
Since the day we have pitched our idea to Pearl, she believed in our idea and was were very quick in taking decision to invest. Her team has worked with us in all the aspects, from hiring needs to discuss ideas on the product.
Manikanta Nikhil Kotla
Co-Founder
iTribe
Eximius has been a great choice for us. The team is extremely helpful in terms of hiring, global network, product decisions, etc. The most important thing is that they take decisions quickly starting from the first call to the term sheet within 2 weeks without wasting the founder's time.
Jasveer Singh
Co-Founder
Hood
If you're an early stage founder who is just coming off raising some money, you're probably hiring and iterating towards a product market fit. The team at Eximius will help you with both of these functions.
Nikhil Kurhe
Co-Founder
Finarkein Analytics
From timely feedback on growth ideas to help in hiring tech talent, Eximius has been a great partner throughout. You can bank on them for any help you need in your startup journey :)
Rahul Gope
Co-Founder
Oyela
Let’s Go From Innovation To Growth Together
Eka.care
Jar
iTribe
Fego
Hood
Kalagato
Finarkein
Fleek
Oyela
Stan
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