About Avanti Finance
Avanti Finance is a company based in Bengaluru (India) founded in 2016. It operates as a FinTech and Platform Play. Avanti Finance has raised $79.74 million across 5 funding rounds from investors including Rabobank, Gates Foundation and Nomura. The company has 87 employees as of March 26, 2024. Avanti Finance offers products and services including Microfinance Loans and Hyperlocal Financial Products. Avanti Finance operates in a competitive market with competitors including L & T Finance Holdings, IIFL Finance, Kinara Capital, Dvara KGFS and Oxyzo, among others.
- Headquarter Bengaluru, India
- Employees 87 as on 26 Mar, 2024
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Avanti Finance
- Date of Incorporation 01 Aug, 2016
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$13.6 M (USD)149.96as on Mar 31, 2023
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Net Profit
-$7.33 M (USD)-109.12as on Mar 31, 2023
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EBITDA
-$2.28 M (USD)-47.74as on Mar 31, 2023
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Total Equity Funding
$79.74 M (USD)
in 5 rounds
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Latest Funding Round
$14.2 M (USD), Series B
Dec 11, 2024
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Investors
Rabobank
& 10 more
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Employee Count
87
as on Mar 26, 2024
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Products & Services of Avanti Finance
Avanti Finance offers a comprehensive portfolio of products and services, including Microfinance Loans and Hyperlocal Financial Products.
Loans are provided to support livelihood and recovery.
Customized products are developed for local livelihood needs.
People of Avanti Finance
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Funding Insights of Avanti Finance
Avanti Finance has successfully raised a total of $79.74M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $14.2 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Avanti Finance
Avanti Finance has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Rabobank, Gates Foundation and Nomura.
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Private equity firm investing in multiple sectors
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Investor details for Avanti Finance
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Investments & Acquisitions by Avanti Finance
Investment portfolio details for Avanti Finance
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Financial Statements - Avanti Finance
Detailed financials for Avanti Finance
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Avanti Finance Comparisons
Peer comparison for Avanti Finance
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Competitors of Avanti Finance
Avanti Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as L & T Finance Holdings, IIFL Finance, Kinara Capital, Dvara KGFS and Oxyzo, among others.
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Diversified lending services are provided as a non-banking financial institution.
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Online gold, home, personal, and business loans are provided.
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Collateral-free loans are provided to MSMEs for business operations.
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Loans for consumers and SMEs are provided alongside financial services.
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Financial solutions including loans are provided for SMEs and corporates.
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SME loans are provided to businesses in India.
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Detailed competitors of Avanti Finance
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Latest news on Avanti Finance
Complete news archive for Avanti Finance
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Frequently Asked Questions about Avanti Finance
Avanti Finance was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Avanti Finance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rahul Gupta is the current CEO of Avanti Finance.
Avanti Finance is a funded company, having raised a total of $79.74M across 5 funding rounds to date.
As of Mar 26, 2024, the latest employee count at Avanti Finance is 87.
Annual revenue of Avanti Finance is $13.6M as on Mar 31, 2023.
Avanti Finance is engaged in delivering financial inclusion through affordable credit solutions targeting underserved populations in rural and semi-urban areas of India. The company operates on a digital platform with a hyperlocal, hyperflexible approach, co-creating livelihood-centric products with over 60 partners. Operations are designed to be paperless, presenceless, and cashless, ensuring scalability and low costs. Diverse capital pools are connected to end users via an API-driven architecture, supporting priority sector lending and geographical expansion. The focus remains on enabling borrowers to expand livelihoods, thereby facilitating loan repayment and sustainable impact.
Avanti Finance's top competitors include L & T Finance Holdings, IIFL Finance and Profectus Capital.
Avanti Finance offers Microfinance Loans and Hyperlocal Financial Products.
Avanti Finance has 11 investors. Key investors include Rabobank, Gates Foundation, Nomura, Idh Farmfit, and Dia Vikas.
The valuation of Avanti Finance is $115.93M as of Dec 2022.