Finin, a neobank based in Bengaluru, has raised an undisclosed Pre-Series A funding round from reputed early stage venture capital firm Unicorn India. This is the 3rd investment from Fund II of Unicorn India. The round saw participation from PointOne Capital and Astir Ventures. Unicorn India Ventures has led the round. The funds will be utilized for ramping up marketing, customer acquisition and hiring and building partner networks of the company. Founded in 2019 by Suman Gandham and Sudheer Maram, Finin is an AI fuelled neobank that aims to help its users understand money like never before. From analyzing spends in an easier way to help users automate savings, Finin fuses habit making with financial hygiene to ensure you as a user are more in control of your money. The mobile banking product even advises on investment opportunities to save you from extra research and mind-boggling reading time. Finin is currently on a beta test stage where early customers are being onboarded in an ‘invite only’ manner. The product aims to go live in August.
