Bharat Financial Solutions (BFS), a prominent fintech and lending aggregator in India, has successfully raised $3.5 million in its seed round from Foxhog, a key investor in the financial technology space. This investment is poised to significantly enhance BFS’s position, particularly in Northern India, where the company aims to expand its operations.
BFS is well-regarded in the financial services sector, boasting a portfolio of over 1,200 bankers and Non-Banking Financial Companies (NBFCs). To date, it has disbursed loans to more than 10,000 customers, cementing its role as a critical player in India’s lending ecosystem.
With this fresh capital infusion from Foxhog, BFS plans to accelerate its growth strategy, focusing on deepening its footprint in the Northern and Western regions of the country. Foxhog’s backing is expected to be a transform.
