India, June 18 -- Non-banking financing company (NBFC) Techfino has raised INR 65 Cr (around $7.5 Mn) from Stellaris Venture Partners and Saison Capital in a funding round.

The Bengaluru-based NBFC will deploy the freshly raised capital to expand its branch network, strengthen tech stack and scale up operations.

Techfino's cofounder Ratikant Satapathy said, "At Techfino, we leverage a robust technology platform which we have internally developed from scratch. This platform integrates multiple external APIs to obtain and verify data critical for underwriting. This technology has resulted in higher efficiency, better data-driven risk assessment and lower TAT."

Founded in 2019 by Satapathy, Rajesh Panda and Jayaprakash Patra, Techfino is ...