Finayo, an AI-enabled SaaS lending technology focusing on the green mobility ecosystem has secured Rs 16 crore funding from F Mec, CFPl and other investors.
F Mec International Financial Services and Choice Finserv are both RBI-registered NBFCs dedicated to providing funding to transformative and progressive businesses. With this recent funding, Finayo aims to promote affordable EV adoption, contributing to the reduction in overall carbon emissions. With robust efforts in making green financing accessible to consumers, the platform further aims to encourage sustainable mobility practices.
Brajendra Singh Tomar, Co-founder & CEO, Finayo said, “We want to utilise this funding to invest in cutting-edge technologies and expand our footprint across India, whilst accelerating an inclusive network of EV financing.”
Apoorve Bansal, MD, F Mec International Financial Services said, “We see Finayo as a trailblazer in the EV ecosystem, recognising the enormous potential that the company carries and the surging need for sustainable mobility solutions, partnering with Finayo is poised to become a positive and invaluable venture. With our financial support and shared goals, we have delivered the impetus for Finayo to seismically alter the green mobility lending industry.”
The lending start-up plans to escalate its business operations, boosting EV growth in all remote corners of the country. Capitalising on their collective vision, Finayo envisages creating job opportunities, particularly in the green transportation market for the underserved populace, paving the way for inclusive holistic growth in the sustainability landscape.
